Thanks, Jim...since I'm building this for a Realtor, it'll be very important not to run afoul of any regulations!
Rick -----Original Message----- From: Jim Wright [mailto:[EMAIL PROTECTED] Sent: Wednesday, July 05, 2006 4:43 PM To: CF-Talk Subject: Re: Mortgage Formula You also need to be careful when putting financing information out there to not run afoul of regulation Z of the Truth-In-Lending act...there are some pretty strict regulations on how financing can be advertised. I have seen statements similar to the following used on other mortgage calculators: "This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z." " The Estimated Payment and Mortgage Calculator are offered as a tool for your convenience and is not an offer of credit. Based on U.S. rates. Actual mortgage rates and fees may vary, so check with your local lender for information." (from realtor.com) -- Jim Wright Wright Business Solutions [EMAIL PROTECTED] 919-417-2257 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:4:245447 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/4 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:4 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
