Retail Charge Account Agreement Initial Disclosure Statement

Various disclosures must be made by the creditor to the customer in connection with the opening of an open-end credit account. The creditor must make the disclosures required by the Federal Reserve Boards Regulation Z clearly and conspicuously in writing, in a form that the consumer may keep. The terms finance charge and annual percentage rate, when required to be disclosed with a corresponding amount or percentage rate, must be more conspicuous than any other required disclosure. The initial disclosure statement must be furnished by the creditor to the consumer before the first transaction is made under the plan.