Current through Register Vol. 54, No. 45, November 9, 2024
Section 13.22 - Disclosure of total charge on other installment loansIn the event a borrower is not advised of the dollar amount of the total loan charge on an installment loan, other than a loan under a revolving credit plan, by a statement contained in the evidence of indebtedness, the borrower shall be advised of the dollar amount in one of the following two ways:
(1) By a statement, setting forth and identifying the charge, contained in the disbursement check or other instrument delivered to or required to be signed by the borrower.(2) By a statement contained in the coupon book or payment book of the borrower, or written communication which shall be delivered to the borrower within 10 days after the evidence of indebtedness has been executed.