Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 12 - Banks and Banking |
Chapter X - Bureau of Consumer Financial Protection |
Part 1026 - Truth in Lending (Regulation Z) |
Subpart D - Miscellaneous |
§ 1026.30 - Limitation on rates.
Latest version.
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§ 1026.30 Limitation on rates.
A creditor shall include in any consumer credit contract secured by a dwelling and subject to the Act and this part the maximum interest rate that may be imposed during the term of the obligation when:
(a) In the case of closed-end credit, the annual percentage rate may increase after consummation, or
(b) In the case of open-end credit, the annual percentage rate may increase during the plan.