Short-form disclosures are required in advertisements and promotional materials unless the advertisements and promotional materials are of:
Answer(s): A
This is a loan term or an arrangement that modifies a loan term under which a bank agrees to suspend all or part of a customer's loan obligation on the occurrence of a specified event. It May be a part of the loan itself or a separate agreement.Does not include a loan payment deferral arrangement where the borrower or the bank can unilaterally defer a payment.What is it?
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#229 in incorrect - all the customers require an annual review