INTRODUCTION. Induction of labour is a common procedure in obstetrics (1, 2), and is defined as the initiation of labour by artificial means prior to its spontaneous onset at a viable gestational age, with the aim of achieving vaginal delivery in a pregnant woman with intact membranes.
The Truth in Lending Act provides that a lender refinancing a residential property must give the borrower. 1  a copy of the TILA disclosure for the initial loan. 2  nothing, as the law does not apply to refinancing. 3  a new TILA disclosure for the new loan.  a new TILA disclosure only if it is requested.
As I mentioned earlier, I am noticing that a lot of credit unions are failing to re-disclose the APR when required. More specifically, the APR is being re-disclosed on the final Truth in Lending disclosure document provided at loan closing. Obviously, this does not meet the timing requirements for re-disclosure. So, review your procedures to ensure that you are re-disclosing when necessary.