First National's consumer leasing department placed an ad in the local paper that pictured a car with the caption, "Sign
Posted: Thu Jul 21, 2022 8:50 pm
First National's consumer leasing department placed an ad in the local paper that pictured a car with the caption, "Sign a lease with us and pay only $275 per month." What other information must this ad have?
A. A statement that the transaction is not a loan
B. The total amount due at consummation or delivery, the number of payments required, and any required security deposit
C. The bank's policy regarding the purchase of the property by the lessee
D. Disclosures regarding required insurance
A. A statement that the transaction is not a loan
B. The total amount due at consummation or delivery, the number of payments required, and any required security deposit
C. The bank's policy regarding the purchase of the property by the lessee
D. Disclosures regarding required insurance