Roberta Milton"™s car lease with First National Bank reached its termination on August 1. Roberta and the bank agreed to
Posted: Tue Mar 08, 2022 10:48 am
Roberta Milton"™s car lease with First National Bank reached its termination on August 1. Roberta and the bank agreed to extend the lease on a month-to month basis without charging her a fee for doing so. What disclosure responsibilities does the bank have now?
A. None are needed now.
B. None, until after six months of the month-to-month lease
C. The bank must make an entirely new initial disclosure
D. The bank must disclose the estimated residual value at the end of six months
A. None are needed now.
B. None, until after six months of the month-to-month lease
C. The bank must make an entirely new initial disclosure
D. The bank must disclose the estimated residual value at the end of six months