Upon approval of a credit application the lender shall give the applicant the following information where applicable in a written disclosure statement:
- (a) The maximum credit limit of the account.
- (b) The conditions under which a finance charge may be imposed.
- (c) The period in which payment may be made without incurring a finance charge.
- (d) The method used in determining the balance on which the finance charge is calculated.
- (e) The method used to calculate the finance charge.
- (f) The periodic rates used and the range of balances to which each rate applies.
- (g) The conditions under which additional charges may be made and the method for calculating those charges.
- (h) A description of any lien that may be acquired on a customer's property.
- (i) The minimum payment that must be made on each billing.