Definitions for "Loan disclosure statement"
Document which states the terms and conditions of a loan, including the cost of the loan, interest rate, fees and repayment period.
A document that lists details of the repayment agreement: where, when, and what size installments will be owed, interest terms, types of credit insurance (and whether or not it is optional), and other items relevant to the loan.
A document provided by the institution providing a student or parent loan that outlines all details on the characteristics of the loan including interest rate and repayment plans. Individuals obtaining loans are required to sign a form stating they understand the terms of the loan before the funds are provided.