Adequate Notice

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Adequate Notice

The clear disclosure of the major terms of a loan. Under the Truth in Lending Act, a lender is required to provide adequate notice before the loan is made. Information included under adequate notice includes the term of the loan, the APR, any applicable fees, and so forth.
References in periodicals archive ?
Specifically, smoking continues in the immediate vicinity of the hospital buildings, despite adequate notices to the contrary.
Specifically, on July 15, 1998, and September 8, 1998, after having provided prior adequate notices to Northern Trust or its fiduciary agent, HEMISPHERX provided checks of $1,875,000.