What must be included in the advertising disclosure according to state regulations?

In the context of advertising disclosures, including the Annual Percentage Rate (APR) is crucial because it provides consumers with clear and essential information related to financing options. The APR is a standardized measure that represents the total cost of borrowing over the term of a loan, expressed as a yearly interest rate. By requiring the APR to be disclosed, the regulations aim to promote transparency in lending practices, allowing consumers to make informed decisions based on the total cost associated with financing a manufactured home.

This requirement helps ensure that potential buyers are aware of how interest rates may affect their overall financial obligations, especially if the rate changes after the transaction. Such transparency is vital for maintaining ethical standards in advertising and encourages responsible borrowing.

While promotional flyers, dealer visit incentives, and manufacturer warranty details may contain valuable information, they do not carry the same regulatory requirement for disclosure as the APR does. This distinction underscores the importance of APR in consumer financing and the emphasis on clear communication regarding potentially fluctuating costs.