What are examples of trigger terms?

What are examples of trigger terms?

Examples of Triggering Terms

• The amount of a down payment expressed as a percentage or a dollar amount (example: “5% down” or “80% financing”)
• The amount of any payment expressed as a percentage or a dollar amount (example: “$15 per month” or “monthly payments of under $100”)

What is a trigger term under Regulation Z?

Triggering Terms and Additional Disclosures Down payment: A reference to a down payment in an advertisement acts as a triggering term only if a down payment is actually required for the credit product. Payment amount: The payment amount means including the dollar amount of any payment.

What are Tila trigger terms?

Triggering terms are words or phrases that must be accompanied by a disclosure when they’re used in advertising. These disclosures are mandated by the TILA, which is designed to protect consumers from inaccurate and unfair credit billing and credit card practices.

Which of the following advertising terms is considered a triggering term?

Definition: used in advertising, include the following – the amount or percentage of down payment, number of payments, period (term) of repayment, amount of any payment, and the amount of any finance charges. Pronunciation: \ˈtri-g(ə-)riŋ\

What is the best description of a trigger term?

A Trigger Term is a word or phrase that, when used in advertising, may require the presentation of specific disclosures.

What are trigger terms?

Trigger terms are words or phrases, whether positively or negatively mentioned (e.g., “no annual fee”), that prompt additional regulatory disclosures in the headline, subhead, and/or disclosure of the advertisement to clarify the credit costs and terms that are being promoted.

What are triggers terms?

What are the types of triggers?

What are the types of triggers?

• DDL Trigger.
• DML Trigger.
• Logon Trigger.

What are my trigger words?

Trigger words and phrases are those that cause a listener to feel strong emotions because of previous experiences. While the phrase is used in a number of different ways, we’re using it here as many people now do, to refer to words or phrases that trigger memories and emotions from traumatic events.

What are the most common trigger words?

Let’s look at 40 of the top trigger words, their deeper meanings, and how to use them.

1. Free. “Free” may well be the most powerful of all trigger words.
2. New. Humans are predisposed to seek out novelty – just look at the smashing success of social media for the biggest example of our time.
3. Proven.
4. You.
5. Secret.
6. More.
7. The.
8. Yes.

What are the trigger terms for Reg Z?

Answer: While there has been an avalanche of regulatory changes and some rules, such as credit cards targeted to college students and some open-end products have changed, the basic trigger terms have not. Reg Z has two marketing sections that address trigger term. These are under Section Section 226.16 and 226.24. 226.24 – Closed end credit.

Which is the best definition of a triggering term?

A triggering term is a word or phrase that when used in advertising literature requires the presentation of the terms of a credit agreement.

When do you need to disclose a triggering term?

If any of the above term triggers are used, then the following must be disclosed: The annual percentage rate (APR); the term must be spelled out. If the APR can be raised after the credit is extended, then that fact must be disclosed. On the other hand, some terms or phrases do not trigger additional disclosures.

Which is example does not trigger additional disclosures?

On the other hand, some terms or phrases do not trigger additional disclosures. Examples include, financing available, low or no down payment, easy monthly payments, pay weekly, and terms to fit your budget .