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 ?
KUWAIT, April 14 (KUNA) -- The Public Anti-Corruption Authority (PACA) said Tuesday it started receiving financial disclosure statements of senior officials who should disclose their finances in line with the Financial Disclosure Law.
Since disclosure statements have been published with EHP articles, we have received comments from some readers questioning the accuracy of competing financial interest declarations made by a few authors.
In addition, many real estate firms in non-compliance states are opting to use their own disclosure statements, which are largely based on the mandatory documents in use.
Now, in disclosure statements released to the public in October 1991, lenders for the first time have reported on all home loan applications they received and their disposition, plus the race or national origin, gender, and annual income of the applicants.
com/research/9e2f57/what_bankruptcy_la) has announced the addition of the "What Bankruptcy Lawyers Need to Know About New Requirements for Drafting Disclosure Statements in 2011 " audioconference to their offering.
Upon approval of the disclosure statements by the court, creditors will be given the opportunity to vote on the plans.
The system creates operational efficiencies for healthcare organizations by automating the collection, distribution, submission and management of annual conflict of interest disclosure statements.
Furthermore, the Court ordered that in the event that both the debtor plan and the Committee plan are filed with their disclosure statements on or before March 15, 1992, the Court will schedule a joint hearing on the adequacy of the disclosure statements.
On February 25, 2005 the United States Bankruptcy Court for the Eastern District of Michigan, Detroit, granted preliminary approval to the combined plans and disclosure statements of three plan proponents in the Chapter 11 case of American Production Machining, LLC ("APM").
Bankruptcy Court for the District of Delaware has approved the amended disclosure statements for two separate liquidating plans relating to the subsidiaries through which the company has conducted certain alumina operations in Jamaica and Australia.
CoServ Electric and eight of its related companies, including the CoServ telephone and cable businesses, announced today that plans of reorganization and other related disclosure statements were filed June 24 in the U.
After the disclosure statement relating to the SII plan is filed, there will be a court hearing, scheduled for April 21, at which time the court will consider whether the disclosure statements for both plans contain adequate information for interested parties to make an informed decision on the plans.