Question

What is the name of the legally mandated area on every credit solicitation which provides information about the terms and conditions of the card?

a. schroeder box
b. schumer box
c. disclosure box
d. disclaimer box

Answer 1

Schumer box

Explanation:

The name given to legally mandated area on every credit solicitation which provides information about the terms and conditions of the car is schumer box. This law was passed under the TILA (Truth in landing act) that every credit card must have one Schumer box and follow the format so that it can be easily read.