disclosure statement


Also found in: Acronyms.

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 ?
The trustee again objected to the amended disclosure statement. The trustee also objected to the feasibility of the proposed plan because the affidavit of contribution contained no information about the debtor's family members' current incomes, expenses and liabilities that might take precedence over their proposed contributions to the plan.
The filing outlines five reasons the court should deny the reorganization disclosure statement. But, lack of information is perhaps Harrington's biggest beef.
Avaya will seek approval of its revised disclosure statement and the PSA at its scheduled court hearing on August 23, 2017.
Vodafones third update to its Law Enforcement Disclosure Statement includes new sections addressing data retention and the ongoing debate about encryption.
To address this concern, practicing appraisers likely would benefit from obtaining a sworn disclosure statement from clients as to whether a proposed assignment meets the criteria for a listed transaction.
This disclosure statement must also notify customers that their property could be subject to a lien by either a materials supplier or an employee or subcontractor of the prime contractor if they are not paid.
* Allowing an insurance producer to bind coverage for a consumer more quickly, subject to an insurer's underwriting requirements, because the insurance producer will be able to accept the consumer's application immediately without waiting for a completed Disclosure Statement;
Additionally, the company said that to qualify for trading on this tier, companies must provide their annual financial statements as per US GAAP or IFRS for a minimum of the last two fiscal years and post a completed OTC Pink Basic Disclosure Statement with detailed company information to the public such as security details, issuance history, officers, directors, control persons and third party providers.
The court's decision relates to the adequacy of the disclosures in the disclosure statement about the company and the plan, and the process for voting on it.
Arcapita has announced that the US Court has approved the Disclosure Statement for the amended chapter 11 plan of reorganization of Arcapita and its debtor affiliates.
Summary: MANAMA - Arcapita Bank, the international investment firm headquartered in Bahrain, announced on Sunday that a US Court has approved the Disclosure Statement for the amended Chapter 11 plan of reorganisation of Arcapita and its debtor affiliates.
The consequence of not providing a Disclosure Statement is that the SPA, in relation to which the Disclosure Statement should have been given, may be deemed void and of no effect (Article 5, General Direction).