Loan Product Representations
Definition
Loan Product Representations. Representations about the loan product and the appropriateness of this for the borrower.
Covers responsible lending, consumer credit laws. See Aus Consumer Creti; US Reg Z and so on. In detail, this will include things like the representations about rates of interest, what people can or can't say when offering a product to a customer. Reg Z: Promoting the informed use of consumer credit by .. implictions and cost Also right to cancel a lien on a consumer's dwelling.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/LOAN/Loans/LoansRegulatory/index-en.html + |
