Definitions for "Disclosures"
Information that must be given to a consumer by a lender concerning the terms of the loan.
Disclosures are pieces of information that are given to the consumer about a vehicleâ€(tm)s previous history like accidents or repairs.
Usually refers to providing information about a property for sale, especially as it represents actual or potential defects or problems. "Full disclosure" usually refers to the responsibility of the seller to voluntarily provide all known information about the property. Some disclosures may be required by law, as in the case of the federal requirement to warn of potential lead-based paint hazards in pre-1978 housing.
Keywords:  decision, fact, affect, seller, buyer
In most states, a seller is required to disclose to a buyer any known facts about the property that may affect a seller's decision to purchase a property, or the price which he or she would pay if that fact was known. (See also Seller Disclosures.)