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To avoid triggering full disclosure under TILA when advertising financing availability on a listed property, which of the following statements must a real estate licensee avoid using?
Suggested Answer: D
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Under the Truth in Lending Act (Regulation Z), advertising is regulated to prevent misleading credit offers.
If an ad uses ''triggering terms'' (such as monthly payment amount, interest rate, down payment, or loan term), then full disclosure of all financing terms must be provided.
''Buy for less than $650 per month'' is a triggering term because it specifies a monthly payment.
General terms like ''assumable loan,'' ''owner financing,'' or ''FHA/VA available'' are permissible without full disclosure.
Correct answer = D.
22 comments · newest first
VA
Vallie
2 days ago
Agreed, that sounds like a trigger.
GO
Goldie
7 days ago
I think it's D) buy for less than $650 per month.
TW
Twana
12 days ago
I feel like B) owner willing to finance is fine too.
BU
Buddy
18 days ago
C) FHA and VA financing available seems safe though.
YA
Yasuko
23 days ago
A) assumable loan could also be risky.
LA
Laquita
28 days ago
Definitely! It implies specific payment terms.
FL
Florencia
1 month ago
Agreed, that sounds like a trigger.
AL
Albina
1 month ago
I think it's D) buy for less than $650 per month.
JA
Jacquline
1 month ago
Seems odd that you can't mention financing options at all!
KE
Kenny
2 months ago
Wait, are we really not allowed to say "FHA and VA financing available"?
KE
Kenneth
2 months ago
"Assumable loan" is a no-go too, right?
KR
Kristel
2 months ago
I thought "owner willing to finance" was okay?
BO
Bo
2 months ago
Definitely avoid "buy for less than $650 per month."
MO
Mozell
2 months ago
Seems tricky, I didn't know these rules were so strict!
CA
Casie
2 months ago
Wait, are we sure about "FHA and VA financing available"?
OL
Olive
3 months ago
"Assumable loan" is a no-go too!
CR
Crista
3 months ago
I thought "owner willing to finance" was okay?
CH
Charlesetta
3 months ago
Definitely avoid "buy for less than $650 per month."
GO
Goldie
3 months ago
I’m really torn between A and D. I know assumable loans are common, but I feel like saying a specific monthly payment could definitely be a red flag.
FE
Felicidad
3 months ago
I practiced a question similar to this, and I think it was about avoiding misleading terms. Could it be B, since it implies financing is available?
LE
Leslee
4 months ago
I’m not entirely sure, but I feel like mentioning financing options like FHA and VA might be okay, so it could be C that we should avoid.
CH
Cheryll
5 months ago
I think I remember that using specific payment amounts can trigger TILA disclosures, so maybe it's D?