A set of terms that must be clarified with detailed agreement terms when used in credit advertising and other literature. Triggering terms were established as part of the Truth In Lending Act of 1969, enabling the FTC to enforce standards in credit advertising, and to protect consumers from predatory marketing practices.
Related information about triggering term:
- Triggering Term Definition | Investopedia
A word or phrase that when used in advertising literature requires the presentation of the terms of a credit agreement so that individuals can compare credit ...
- TRUTH IN LENDING AND ADVERTISING
If any triggering term is used in a closed-end credit advertisement, then the following three disclosures must also be included in that advertisement: 1.
- Triggering Term: Definition from Answers.com
Triggering Term Consumer credit term that, when used in credit promotion literature or advertising, must disclose certain pertinent information, as required.
- What is triggering term? definition and meaning
Definition of triggering term: A set of terms that must be clarified with detailed agreement terms when used in credit advertising and other literature. Triggering ...
- DFI: Truth in Lending Act & Advertising
If a creditor advertises closed-end credit with a "triggering term," they also must ... If an ad for closed-end credit uses a triggering term, it also must include the ...
- Avoiding The Pitfalls Of Advertising Compliance Questions And
Stating the period of repayment (30 years) is a triggering term ... considered “any amount of a finance charge” and therefore, a triggering term? Answer: I do not ...
- Section 226.24 - Regulation Z - Truth in Lending
These provisions apply even if the triggering term is not stated explicitly but may be ... By virtue of the definition of downpayment in §226.2, this triggering term is ...
- Section 226.16 - Regulation Z - Truth in Lending
Section 226.16(b) applies even if the triggering term is not stated explicitly, but may ... A membership fee is not a triggering term nor need it be disclosed under ...