Regulations last checked for updates: May 19, 2024

Title 12 - Banks and Banking last revised: May 16, 2024
§ 617.7120 - How should a qualified lender present the disclosures to a borrower?

A qualified lender must:

(a) Disclose the effective interest rate and other information required by subparts B and C of this part clearly and conspicuously in writing, in a form that is easy to read and understand and that the borrower may keep; and

(b) Not combine the disclosures with any information not directly related to the information required by §§ 617.7130 and 617.7135.

authority: Secs. 4.13, 4.13A, 4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.36, 5.9, 5.17 of the Farm Credit Act (12 U.S.C. 2199,2200,2201,2202,2202a,2202c,2202d,2202e,2219a,2243,2252
source: 69 FR 10907, 10908, Mar. 9, 2004, unless otherwise noted.
cite as: 12 CFR 617.7120