A disclosure statement is listed on the loan document showing the full amount financed and any additional charges or fees.
A written statement by lenders disclosing information about a specific loan as may be required under various consumer protection acts.
A document from your lender listing the principal amount of your loan, fees that have been deducted, the interest rate, and the total amount of indebtedness.
Statement sent to all clients with Individual Retirement Accounts (IRA) describing the income tax consequences associated with this plan.
A statement written by the lender for the borrower which delineates the terms and conditions of the loan.
A statement of the total cost of your loan, including interest costs and loan fees.
A written notice directed to the borrower stating the date the first payment installment on a loan will be due, the total amount due, the frequency and number of required payments, and the borrower's responsibility to repay the debt. Close
A statement issued to the borrower by the lender that provides information about the actual cost of the loan, including the interest rate, origination, insurance, loan fees and any finance charges.
Statement of the actual cost of a loan, including the interest costs and the loan fee.
a document that provides important information about the loan you borrow
an estimate of the actual cost of your loan and includes interest rates, fees, loan balance, and the size and number of payments
A statement showing a borrower's loan term, payment schedules and monthly payment amount for their loans.
Fact sheet sent to the borrower when the loan is borrowed or at the beginning of repayment that shows the repayment terms of the loan.
A statement mailed directly to the borrower from the servicer informing the borrower of the loan amount, applicable fee(s) and rebate(s), and the disbursement plan. It also gives information on how to cancel all or part of the loan money already credited to the borrower's account.
A statement of the interest rate, monthly repayments, due dates, length of repayment, and total repayment obligation on a loan.
Statement of actual cost to the borrower for a loan, which includes certain disclosures required by Truth in Lending (Regulation Z) including, Annual Percentage Rate (APR) and certain additional charges.
A document listing the principal amount of the borrower's loan, fees that have been deducted, the interest rate, the total amount of indebtedness (principal plus interest), and repayment rights and responsibilities. This document is sent to the borrower before loan proceeds are disbursed.
The notice you receive indicating when your loan will be disbursed and the amount.
A statement showing borrower's loan terms, payment schedule and monthly payment amounts for their loans.
Document disclosing the terms of a loan.
Also known as the offering circular, a document that provides information on twenty items required by the FTC. The law requires that a franchisor provide a disclosure statement to a potential franchise buyer.
A statement from the Federal Direct Loan servicer that explains the specific terms and conditions of your student loan, such as interest rate, loan fees charged, gross amount borrowed, etc. Disclosure statements are generated each time you receive a Federal Direct Loan disbursement.
The section of the finance agreement which illustrates the total premium, fees, amount financed, finance charge, annual percentage rate, total of payments and amount of each payment.
Lender's statement of total amount and cost of a borrower's approved loan, including amount, interest rate, any additional finance charges and repayment rights and responsibilities.
A form sent by your lender at the time of loan approval or disbursement. It includes information about your loan; amount approved, the interest rate, amounts of guarantee and origination fees and your federal rights and responsibilities.
A schedule showing the face value of the loan, all costs associated with issuing the loan to the borrower, and the effective annual rate as required by the B.C. Mortgage Brokers Act.
A statement required by law, in which sellers of particular kinds of property or under certain circumstances, must reveal specified information to potential buyers.
A written statement that explains in plain language the rules that govern an IRA. An IRA custodian must provide a current disclosure statement to anyone who opens an IRA.
Statement sent by the lender to the borrower describing the estimated costs of a loan, the interest rate and any additional finance charges.
Statement of the estimated cost of the loan, including the interest and any additional fees.
A summary of the significant features of the proposed condominium, and the relevant condominium documents governing the same.
a document that provides you with information about the actual cost of your loan, including the interest rate, the origination, insurance , and other loan fees, and other types of finance charges.
Information required by federal or state laws that must be given to consumers about their financial dealings.
Legally required statement provided by lenders that discloses the actual cost of a student loan, including the interest rate, origination, insurance, and loan fees, and any other kinds of finance charges.
A disclosure statement is a document detailing the total cost of your loan, including principal, interest and fees.
The statement required by the Commodity Futures Trading Commission that enumerates the risk involved in trading futures and/or options on futures.
A statement contained in a consumer credit transaction in order to disclose complete credit terms and interest rates.
This is a document that the transferee is required to complete. It asks detailed questions about the condition of the property. A copy of the disclosure statement is given to any prospective purchaser of the property.
Statement of actual costs to the borrower for a loan, the interest rate and any additional finance charges.
A required statement that lists the actual costs of a loan.
a notification of the actual cost and terms of a loan, which includes the interest rate and any additional finance charges.
Provides general description of the property and provisions which apply to the amenities portion of units which will be marketed as blocks. Contains a brief description of the existing or proposed declaration, bylaws, rules and a budget statement for one year following registration.
Provides the borrower with information about the actual cost of the loan, including the interest rate, origination, insurance, loan fees and any other types of finance charges. Lenders are required to provide the borrower with a disclosure statement before issuing a loan.
Written information provided as part of your credit contract. It sets out key information about your loan or credit sale – eg, payment information.
A document issued by a lender to a borrower in which the lender sets out the terms and conditions of the loan. Often required under legislation.
A document that includes a straightforward statement of the actual cost of the loan being issued, including all estimated interest costs and loan fees. Consolidation customers receive their disclosure statement from their new lender/servicer following funding of their loan and with consolidation there aren't any loan fees.
An information report required under the federal Truth-in-Lending Law to be given consumer borrowers by creditors. State law may require certain disclosures in condominium and subdivision sales as well as agency disclosure of whom the broker represents.
See transfer disclosure statement. Related Glossary Terms: transfer disclosure statement (TDS)
For individual retirement annuities, a written statement that an insurer in the United States must provide to consumers considering the purchase of an individual retirement annuity that provides nontechnical explanations of the operation of the annuity, including explanations of the statutory requirements for such an annuity, the income tax consequences of purchasing such an annuity, and the income tax consequences of specific types of transactions relating to the annuity.
Statement required by law to provide customer with rules and regulations governing their retirement plan and financial disclosure information.
A statement from a lender to a borrower that provides the borrower with information about the terms of the loan and the consequences of defaulting on that loan. Expected Family Contribution The out-of-pocket expenses a family and/or student is expected to contribute toward the cost of college, graduate or professional school. The EFC is the basis for financial need. Financial Aid Any type of financial assistance available to families and students for the purpose of funding higher education.
(New Development) In Ontario, the developer of a new condominium must provide a buyer with a “disclosure statement†before the sale agreement is binding. This includes, among other things, a summary of the condominium’s features/amenities, the condominium’s governing documents and budget for the first year after registration. This should give some indication of the rules, regulations and financial situation of the condominium corporation before buying. Ontario provides a “cooling off†period of 10 days during which buyers can review the information contained in the disclosure statement and rescind their agreement to purchase if they are not comfortable with their original purchase decision. Ensure you obtain and carefully review the disclosure statement within the specified timeframe.
Also called "Truth in Lending Statement." A document that discloses to a borrower all the costs involved in making and closing a loan.
A statement of the actual loan costs, including the interest rate and any additional fees, which is presented to the borrower at the time the loan is made (see "Repayment Disclosure Statement").
Statement of estimated costs to the borrower for a loan, the annual percentage rate and any additional finance charges.
Statement of the actual cost to the borrower of a loan, that is, the interest rate and any additional finance charges. This must be presented to the borrower by the lender at the time the promissory note is signed and the loan contract negotiated.
The disclosure statement must explain in plain language the rules that govern an IRA. Anyone who opens an IRA must receive a current disclosure statement.
Release by companies of all information, positive or negative, that might bear on an investment decision or on a loan account.
A notice which a lender must send to a borrower before disbursing funds, summarizing loans pending disbursement.
The form you receive which details the amount you borrowed and the terms of the loan and repayment.
Statement of the actual cost of a loan, including the Annual Percentage Rate and any other finance charges. The lender must provide this statement to the borrower. Back to the top of the page
The total amount of the loan; the loan amount, interest and other financial charges.
Lenders are required to provide the borrower with a disclosure statement prior to issuing a loan. The disclosure statement provides the borrower with information about the actual cost of the loan, including the interest rate, origination, insurance and loan fees, and any other kinds of finance charges.
Statement of the total cost and amount of a loan, including the interest rate and any additional finance charges.
A statement sent from the lender explaining actual costs and terms of the student loan, including interest rate and additional finance charges.
A document that lists details of the repayment agreement, including where and when installments will be owed, how large these installments will be, interest terms, additional finance charges, types of credit insurance available or required, and other information relevant to the loan. This must be presented to the borrower by the lender at the time the promissory note is signed and the loan contract negotiated.
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A statement of the total amount and cost of a loan, including the principal loan amount, interest rate and any additional finance charges or loan fees. The disclosure statement is contained within a bold box on the retail installment (finance) contract.
A written statement of a borrower's rights under the Truth-in-Lending Law or a statement of all financing charges, which must be disclosed by a lender. Also, a statement that lists information relevant to a piece of property, such as the presence of radon or lead paint.
A disclosure statement informs the involved parties of the actual cost and terms of a loan, including the interest rate and any additional finance charges.
