Which of the following is not a triggering term?

Asked by: Nathan Williamson  |  Last update: March 1, 2025
Score: 4.8/5 (26 votes)

Final answer: The trigger terms under Regulation Z, part of the Truth in Lending Act, include references to the down payment, number of installments, period of repayment, and the finance charge. Among the options, 'Purchase Price' is NOT a trigger term.

Which of the following would not be a trigger term?

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.

What are examples of triggering terms?

Examples of Triggering Terms
  • The amount of a down payment expressed as a percentage or a dollar amount (example: "5% down" or "80% financing")
  • The amount of any payment expressed as a percentage or a dollar amount (example: "$15 per month" or "monthly payments of under $100")

Which of the following is not a trigger type?

Performance is not a valid trigger type in Automation Anywhere.

Is APR a triggering term?

Statements of the annual percentage rate or statements that there is no particular charge for credit (such as “no closing costs”) are not triggering terms under this paragraph.

TILA Trigger Terms in Advertising (Module 2) | NMLS SAFE MLO Exam Study Series and Test Prep

15 related questions found

What is not a trigger term under tila and regulation Z?

Finance charge amount: Mentioning the finance charge amount includes stating the dollar amount of the finance charge or any portion of it. However, disclosing the APR or stating there is no particular charge for credit (such as no closing costs) is not a triggering term.

Is down payment a trigger term?

The triggering terms are: 1. The amount of the down payment, expressed either as a percentage or as a dollar amount.

What is a trigger and what is not?

A trigger is a person, place, thing, or situation that elicits an intense or unexpected emotional response or causes an individual to relive a past trauma. Any sensory stimulus can be a potential trigger. Triggers are unique from threats.

Which of the following is not a valid trigger type?

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.

What is a triggering term quizlet?

Triggering terms. Phrases or figures used in advertising that will "trigger" other Regulation Z disclosures. The following are trigger terms: the amount or percentage of any down payment, the payment period, the monthly payment, and the amount of the finance charge.

Is no annual fee a trigger term?

The trigger terms are those required to be disclosed under section 1026.6(b)(3) and include the APR, transaction fees, annual fee and certain other charges. This applies to trigger terms stated in the positive ($50 annual fee) and in the negative (no annual fee).

What are examples of trigger terms?

For closed-end credit advertisements, the triggering terms include the number of payments or period of repayment (30 years or 360 payments), payment amount or the amount of any finance charge.

Which of the following is not a type of build trigger?

The answer is Option (iii). Downstream trigger is not a valid build trigger.

What is a trigger quizlet?

A trigger is a special kind of procedure that executes, or fires, in response to an action query. Unlike a stored procedure, you can't invoke a trigger directly, you can't pass parameters to a trigger, and a trigger can't pass back a return value.

Which is not allowed in a trigger?

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 ...

Which of the following are valid trigger types?

The trigger types are:
  • Record: execute the flow when a record is created or updated.
  • Date: execute the flow at a specific time or interval.
  • Application: execute the flow when something happens on an instance such as receiving an email.

Which statement can a trigger not be based on?

INSERT statement triggers cannot reference an OLD table. DELETE statement triggers cannot reference a NEW table.

What is trigger with example?

A trigger is a stored procedure in a database that automatically invokes whenever a special event in the database occurs. For example, a trigger can be invoked when a row is inserted into a specified table or when specific table columns are updated.

How to not be triggered?

Take an immediate pause, and, if you can, take a break from the triggering situation. This allows you to avoid immediate, reflexive, and habitual reactions to stressful experiences, reactions that can ultimately escalate your own emotional distress.

What is the opposite of a trigger?

'Provoke' and 'spark' are synonyms of 'trigger' as they also mean to cause something to happen. However, 'prevent' means to stop or keep something from happening, which is the opposite of 'trigger'.

Which is not an example of a trigger term in an advertisement for credit?

Statements of the annual percentage rate or statements that there is no particular charge for credit (such as “no closing costs”) are not triggering terms under this paragraph. (i) The amount or percentage of any downpayment. (ii) The number of payments or period of repayment.

What is a trigger in financial terms?

Triggers in the context of investing are market or investment-related occurrences that may cause the system or the investor to take a certain action. An event (trigger condition) and an activity taken when the event occurs make up a basic trigger setup.

Is assumable mortgage a triggering term?

In mortgage advertising, triggering terms influence consumer decisions by indicating specific financing details. The term 'Assumable Mortgage' does not provide specific conditions like the others do. Hence, it is not considered a triggering term compared to the others in the list.