It is the presence of a specific word or phrase that would “trigger” the advertisement to include additional disclosures to the consumer. The specific triggering term and related requirements are governed by the Truth in Lending Act (for loan-related products) or the Truth in Savings Act (for deposit-related products).
As mentioned, lenders must approve an assumable mortgage. If done without approval, sellers run the risk of having to pay the full remaining balance upfront. Sellers also risk buyers missing payments, which can negatively impact the credit score of both the buyer and seller.
Final answer: A 'triggering term' in advertising refers to specific financial terms which necessitate additional disclosures under specific laws. All examples provided, except 'mortgage is assumable', qualify as 'triggering terms' as they provide specific financial figures requiring further information.
Final answer: The only term that is not a 'trigger term' according to Regulation Z is the APR. Trigger terms in Regulation Z are those that could potentially cause misunderstanding about the cost of credit, including downpayment amount, number of payments or repayment period, and finance charge amount.
Performance is not a valid trigger type in Automation Anywhere.
Triggering events include job loss, retirement, or death, and are typical for many types of contracts. These triggers help to prevent, or ensure, that in the case of a catastrophic change, the terms of an original contract may also change. Life insurance policies may include a triggering event based on the insured age.
A trigger is a stimulus that elicits a reaction. In the context of mental illness, "trigger" is often used to mean something that brings on or worsens symptoms. This often happens to people with a history of trauma or who are recovering from mental illness, self-harm, addiction, and/or eating disorders.
An assumable mortgage allows a homebuyer to assume the current principal balance, interest rate, repayment period, and any other contractual terms of the seller's mortgage. Rather than going through the rigorous process of obtaining a home loan from a bank, a buyer can take over an existing mortgage.
Buyers like assumable mortgages when rates are high because they can enjoy low monthly payments. Sellers use assumable mortgages as promotional tools to attract buyers to their homes. They can also streamline the home sale process.
The assumable option is typically available on most fixed-rate mortgages. It's not available with variable-rate mortgages and home equity lines of credit. The lender must approve the buyer who wants to assume the mortgage. If the lender approves, the buyer takes over the remaining mortgage payments to the lender.
A trigger point on a mortgage occurs when the balance owing on the mortgage is higher than the original mortgage amount. At this point, you must either increase your payment or pay down the over-extended balance with a prepayment.
Triggering terms.
Negative as well as affirmative references trigger the requirement for additional information. For example, if a creditor states no interest or no annual membership fee in an advertisement, additional information must be provided. Other examples of terms that trigger additional disclosures are: i.
“One Click Away” is the most important term to remember when dealing with any real estate marketing on the internet. When a consumer happens to find your website, blog, an ad, Facebook, LinkedIn, Twitter, listing website, or company website there must be full disclosure within ONE CLICK.
Final answer:
Submitting a form on your website would not be considered a trigger event; it is rather part of the engagement process, whereas other options are indicative of external opportunities and require proactive engagement.
The obligation to obtain or update information is triggered when, during normal monitoring, a financial institution becomes aware of information about a customer or an account, including a possible change of beneficial ownership information, relevant to assessing or reassessing the customer's overall risk profile.
Trigger factors may be internal, such as snoring or excessive limb movements, or external, such as noise or being touched. Keep a diary of what you spend when, and look for trigger factors, such as how you were feeling. Some consider emotional stress to be the main triggering factor.
Definition and Examples of Triggering Terms
The number of payments: For example, “monthly payments of less than $100,” “pay just 15% each month,” or “$12 per month.” The period of repayment: For example, “10 years to pay off,” “24 months to pay down,” or “5-year loans available.”
Meaning of triggering in English
causing a strong emotional reaction of fear or worry because someone is made to remember something bad that has happened in the past: For people with PTSD, loud noises can be triggering. a triggering experience.
A trigger exception (also known as a "blocking trigger") is a kind of trigger that can be used to block another trigger's ability to fire under certain conditions. For example, if a tag has a trigger to fire on all pages and a trigger exception that is set to "Page URL equals thankyou.
DDL statements are not allowed in the body of a trigger. Also, no transaction control statements are allowed in a trigger. ROLLBACK , COMMIT , and SAVEPOINT cannot be used. For system triggers, { CREATE / ALTER / DROP } TABLE statements and ALTER ...
There are two types of trigger events: database trigger events and page trigger events.
Explanation: "folder" is not a valid trigger type in Automation Anywhere. The correct answer is: "folder". In Automation Anywhere, common trigger types include window, system, logoff, and performance triggers, but not a "folder" trigger.