Firm Offer of Credit Ad

Take a look at this mailer piece that advertises a no cost loan. Overall the piece meets the requirements of Fair Credit Reporting Act from a compliance standard.  Specifically the piece does offer a firm offer of credit identitified as follows (Click on the picture to see an enlarged view of the mailer):


Loan Amount: $453,325

Interest Rate: 3.00 percent

Loan Product: fixed rate mortgage

Term: 30 Year


Required Disclosures present?

1) State Licensing – yes

2) NMLS ID – yes

3) Prescreened Opt put rights notice – Yes, see short opt out notice on front side and long opt out notice on back side. Click on the image to expand its size.