Truth in Lending: 6.5.3.2.10 Penalty rates; loss of an introductory rate
If an introductory rate is disclosed either in the required table648 or in any promotional materials accompanying direct mail, electronic, or “take one” applications or solicitations,649 the issuer must briefly disclose directly beneath the table the circumstances under which the introductory rate may be revoked, and the type of rate that will apply after the introductory rate is revoked.650 Note that the Credit CARD Act prohibits issuers fro