Applicable LawsFederal Disclosure RequirementsRegulation Z: Federal Law requires the full disclosure of all costs and terms associated with any credit purchases or transactions (such as our cash advance program) and further requires that the costs associated with the transaction be expressed as an annual percentage rate of interest or A.P.R. For each transaction, the creditor shall disclose the following information as applicable: Creditor: The identity of the creditor making the disclosures. Amount financed: The amount financed, using that term, and a brief description such as the amount of credit provided to you or on your behalf. Itemization of amount financed: (1) A separate written itemization of the amount financed, including: Finance charge: The finance charge, using that term, and a brief description such as "the dollar amount the credit will cost you." Payment schedule: The number, amounts, and timing of payments scheduled to repay the obligation. Prepayment: (1) When an obligation includes a finance charge computed from time to time by application of a rate to the unpaid principal balance, a statement indicating whether or not a penalty may be imposed if the obligation is prepaid in full. Regulation B: The federal Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, martial status, age (provided the applicant has the capacity to enter into a binding contract); because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission, Equal Credit Opportunity Division, Washington, DC 20580 (Reg. B 202.9(b)). Qloot, will not discriminate anyone based upon any of the above factors. In addition, Qloot will not enter into or maintain vendor/reciprocal information service type relationships with anyone who does not conform to these anti-discriminatory practices. |