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Advertisements “subject to approval”?

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  • January 31, 2020 at 2:34 pm EST #31552
    kmeade
    Participant

    Is the phrase “subject to approval” required on loan advertisements? I feel adding this language is best practice, but is this language required by regulation or state law?

    February 4, 2020 at 3:47 pm EST #31571
    rcooper
    Member

    I don’t know of anywhere that it is required in federal regulation, but it isn’t a bad idea. It clearly lets the reader know that the advertisement isn’t a guarantee of a loan and that they must be approved.

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