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 ?
Now, any transaction involving a mortgage will use new CFPB disclosure forms.
A JUNE PROPOSAL from the Consumer Financial Protection Bureau (CFPB) to push back the start date for new mortgage disclosure forms pleasantly surprised Don Gaspar.
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.
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.
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.
Their emphasis on ethics follows an apology by former Senate President Mike Haridopolos in February 2011 for failing to file complete financial disclosure forms for five years, and the resignation of former Speaker Ray Sansom in 2009 who was under investigation for guiding millions of dollars to a college in his district that later offered him a job.
Across the three branches of the state, it is only in the legislature where asset and interest disclosure forms are required to be filed.
Thirty-one of the individuals on that list are members from the GOP, reports the publication, which reviewed 2011 financial disclosure forms to develop the rankings.
to provide access to simple and transparent disclosure forms for savings accounts