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FAQs

When advertising an interest rate, what else has to be included in the advertisem*nt? ›

(i) The amount or percentage of the downpayment. (ii) The terms of repayment, which reflect the repayment obligations over the full term of the loan, including any balloon payment. (iii) The “annual percentage rate,” using that term, and, if the rate may be increased after consummation, that fact.

What is an example of Regulation Z advertising? ›

Regulation Z prohibits misleading terms in open-end credit advertisem*nts. For example, an advertisem*nt may not refer to APRs as fixed unless the advertisem*nt also specifies a time period in which the rate will not change or that the rate will not increase while the plan is open.

What is another piece of tila advertising requirements? ›

Regulation Z requires that advertisem*nts relating to credit present certain information in a clear and conspicuous manner. It includes requirements regarding the proper disclosure of the annual percentage rate and other loan features.

Which type of advertising requires full disclosure if the interest rate is stated? ›

An advertisem*nt for a tiered-rate account that states an annual percentage yield must also state the annual percentage yield for each tier, along with corresponding minimum balance requirements. Any interest rates stated must appear in conjunction with the applicable annual percentage yields for each tier.

What 4 things does an effective advertisem*nt include? ›

The 4 Key Ingredients To Effective Advertising
  • Focus On Attractive Designs.
  • Convey a Clear Message.
  • Include a Call to Action.
  • Keep It On Brand.
Oct 30, 2022

What must be included in an agent's advertisem*nts? ›

As we learned, when you place a real estate ad in California, you must include the broker's business name and information in a font size no smaller than the smallest front of the ad. You must also include your name and license number on all advertisem*nts, signs, and stationery.

What regulation deals with advertising? ›

The Federal Trade Commission Act, signed into law by President Woodrow Wilson on September 26, 1914, allows the Federal Trade Commission (FTC) to act in the interest of consumers to prevent deceptive and unfair acts or practices: Advertising must tell the truth and not mislead consumers.

What are the three legal standards the FTC applies to advertising regulations? ›

Advertising and Marketing Basics

Under the law, claims in advertisem*nts must be truthful, cannot be deceptive or unfair, and must be evidence-based.

What is the regulation Z rule? ›

Regulation Z protects consumers from misleading practices by the credit industry. The Truth in Lending Act applies to home mortgages, home equity lines of credit, reverse mortgages, credit cards, installment loans, and student loans. It was established as part of the Consumer Credit Protection Act of 1968.

Which two laws apply to fair lending in advertising? ›

The Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA) protect consumers by prohibiting unfair and discriminatory practices.

What are the 4 main disclosures required under TILA? ›

TILA disclosures include the number of payments, the monthly payment, late fees, whether a borrower can prepay the loan without penalty and other important terms.

Who is exempt from TILA? ›

There are certain exceptions to the applicability of the Act. [i] The following transactions are exempt from Regulation Z: Credit given primarily for a business, commercial, or agricultural purpose; Credit extended to any entity other than a natural person (including credit to government agencies or instrumentalities);

What is a regulation DD violation? ›

Regulation DD stipulates that disclosures provided to consumers must be clear and conspicuous and must be made available in writing or another form the consumer can keep. The disclosures must also clearly identify when these disclosures for different accounts have been combined.

What is the one click away rule for advertising? ›

“One Click Away” is the most important term to remember when dealing with any real estate marketing on the internet. When a consumer happens to find your website, blog, an ad, Facebook, LinkedIn, Twitter, listing website, or company website there must be full disclosure within ONE CLICK.

What forms of media are exempt from some advertising requirements? ›

Section 230.8(e) exempts certain types of media and certain indoor signs from some of the section's advertising rules. a. Broadcast or electronic media, such as television or radio. However, the exemption does not extend to Internet and email advertisem*nts.

What should be included in an advertisem*nt? ›

Ensure you have well-designed ads which stand out, and contain your address or contact details, your logo and any key persuasive messaging. They should also have a call to action making it clear what people should do next ('call now', 'drop in', etc).

When advertising an APY, what is not required in the ad? ›

An advertisem*nt that states an annual percentage yield for a given type of account (such as a time account for a specified term) need not state the annual percentage yield applicable to other time accounts offered by the institution or indicate that other maturity terms are available.

What is interest in advertising? ›

Interest-based ads, also referred to as targeted ads or personalized ads, refer to the showing of ads to individuals based on data collected about that person's browsing habits, personal interests and online behaviors.

What must be included in the advertisem*nt when advertising a property for sale? ›

When advertising a property for sale, it is important to include key information that will attract potential buyers. This includes the property's location, features, price, and contact details. In the advertisem*nt, highlight the property's main selling points such as its size, amenities, and unique features.

References

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