§617.7120. How should a qualified lender present the disclosures to a borrower?
12 C.F.R. § 617.7120
A qualified lender must:
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
Not combine the disclosures with any information not directly related to the information required by §§ 617.7130 and 617.7135.
Notes, amendments, and revision history
Source
Source: 69 FR 16459, Mar. 30, 2004, unless otherwise noted.
Authority
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
Source: 69 FR 10907, 10908, Mar. 9, 2004, unless otherwise noted.