disclosure statement

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Disclosure Statement

1. A document given to a potential borrower by a lender stating all the terms of the loan. This includes the interest rate, the length of the loan, and any applicable fees. Lenders are required to provide disclosure statements. See also: Truth in Lending Act.

2. A document given to a potential IRA account holder stating all the terms of the IRA. This includes the rules, penalties, and applicable fees associated with the IRA. IRA providers are required to provide disclosure statements and give the account holder seven days to opt out of the account with no penalties.

disclosure statement

(1) Also called the Reg-Z box, information required by Regulation Z of the federal Truth in Lending Act.(2) Any other federally required or state-required document designed to inform consumers of rights,responsibilities,or property defects.

References in periodicals archive ?
Citing Anastasiadou, Politis reported that all deputies have met their obligation to file their own disclosure forms, under the provisions of the old law, but not everyone had conformed with the new regime on spousal and children statements.
According to financial disclosure forms released by the White House, Kushner and wife Ivanka were worth a (http://www.
He pointed out that all those required to provide their financial disclosure forms are encouraged to visit www.
The Executive Authority must in turn submit copies of the financial disclosure forms to the PSC by 31 May of each year.
Every year, many state and local public officers and employees receive automatic fines because they file their annual financial disclosure forms late or not at all.
Now, any transaction involving a mortgage will use new CFPB disclosure forms.
The new mortgage disclosure forms coming in August will help consumers comparison shop for mortgages and avoid surprises at the closing table," CFPB Director Richard Cordray said.
Only elected officials with many years of government service qualify for the perk, but legislative retirement information remains secret and lawmakers don't have to reveal pension payments on their state financial disclosure forms, so there's no way to know for sure how many qualify.
Arkansas Business researched the financial disclosure forms of the candidates in each race to see which registered PACs, those registered or associated with PACs and lobbyists had contributed to their campaigns.
Financial disclosure forms can reveal potential conflicts of interest, the report noted.
1 million, according to 2012 disclosure forms released on Tuesday.
January 15, 2013 (KHARTOUM) -- The Sudanese justice minister Mohamed Bushara Dousa vowed to criminally prosecute constitutional post-holders who fail to file their financial disclosure forms unless they show good cause for not doing so.