Quote:
Originally Posted by MTI
It would probably be a good thing for banking consumers if there was a way to get banks and lenders to standardize their offers, in clear non-technical language, so that a consumer could compare offers and terms . . . and possibly have legal rights against lenders than mislead or fail to disclose terms and conditions. Like they say, there ought to be a law . . .
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Non technical language is pretty vague. I can see that being a problem from an enforcement point of view. As they say, "Say what you mean and mean what you say.". If I said I will sell you a dog and not specify it's breed, you might not like it when you pay pure bred prices for a mutt. That is the question I have when you ask for "non-technical" language. How would you make it more specific without using technical language since day to day words are very unspecific.