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.