Regulation Z and TV and radio advertisements

by Keith Schostag, NAFCU Compliance Blog

In my last blog post, I discussed advertising requirements under TISA and exemptions for certain media. Today, I will be examining Regulation Z advertising requirements and exemptions for television and radio advertisements.

Regulation Z, Section 1026.16(b) and (d) require additional disclosures if an advertisement mentions the following key terms:

  1. “Any term required to be disclosed under section 1026.6(b)(3)” for a non-home-secured credit plan (1026.16(b)(1));
  2. “Any term required to be disclosed under section 1026.6(a)(1) or (a)(2)” for a home-equity plan (1026.16(b)(1) and (d)(1);
  3. The periodic payment amount (1026.16(b)(2));

 

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