1. A file describing the tenets of an IRA in simple, nontechnical language. This has to be supplied at least seven days before the IRA is created, or it may be supplied in time the IRA has been created providing the IRA owner is allowed seven days within which he/ she might revoke the IRA to the IRA owner. 2. A document summarizing the special conditions and terms of financing, for example, interest rate of insurance, any loan fees, the quantity borrowed, the loan, prepayment rights as well as the obligations of the borrower.