Which of the following is not a trigger term in mortgage advertising?

• A. Amount or percentage of down payments
• B. Number of payments or period of repayment
• C. Annual percentage rate
• D. Amount of any finance charge

Answer: (C)

In mortgage advertising, a trigger term is a specific numerical term that, when used in an ad, requires additional disclosures under Regulation Z. The terms that trigger these disclosures are the amount or percentage of the down payment, the number of payments or the period of repayment, the payment amount, and the amount of any finance charge. The annual percentage rate, while an important disclosure in itself, is not a trigger term. This means that simply stating the APR doesn’t by itself force the extra disclosures that a trigger term would require; those extra disclosures are only required when the other listed terms (down payment, payment amount, number of payments, or finance charge) are disclosed.