Which of the following is NOT a triggering term in loan advertising?

• A. Monthly payment for 30 years
• B. Interest rate
• C. Down payment of $20,000
• D. Assumable mortgage

Answer: (D)

Triggering terms are specific numeric details about a loan that require full disclosure of the loan costs and terms. When an ad states a monthly payment for a certain term, it reveals the payment amount and the number of payments, so it triggers additional disclosures. Mentioning the interest rate also conveys the cost of credit and requires disclosure of the APR and related terms. Stating a down payment amount shows the upfront cash required, which also triggers full disclosure. An assumable mortgage, by contrast, describes a feature of the loan rather than a concrete payment amount, loan amount, or finance charge, so it does not trigger the additional disclosures.