Answer:
If the ad is for closed-end credit and is directed toward consumers, then yes it is a violation of Section 1026.24(d)(1)(iii) to advertise the dollar amount of a payment without also including the full payment schedule and an APR.
Violation if Do Not Disclose APR? (Monthly Pay)
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Question:
A mortgage bank is advertising a monthly payment, however there is no APR disclosed. Is this a violation?
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