Disclosures
Banking
Certain information that Federal and State laws require creditors to give to borrowers relative to the terms of the credit extended.
- — Dictionary of Banking Terms and Phrases
- — Dictionary of Banking Terms and Phrases retrieved 2014-05-16
Business› Finance› Personal Finance
Consumer Credit
Information that must be given to consumers about their financial dealings. Disclosures associated with consumer credit include: APR’s, finance charge, monthly payment amount, total of payments, and the amount of payments.
- — Consumer Credit Protection Glossary retrieved 2014-05-16
Real Estate
The release of relevant information about a property that may influence the final sale, especially if it represents 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, such as the federal requirement to warn of potential lead-based paint hazards in pre-1978 housing. A seller found to have knowingly lied about a defect may face legal penalties.