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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter II - Federal Reserve System |
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SubChapter A - Board of Governors of the Federal Reserve System |
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Part 226 - Truth in Lending (Regulation Z) |
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Subpart D - Miscellaneous |
§ 226.30 - Limitation on rates.
Latest version.
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§ 226.30 Limitation on rates.
A creditor shall include in any consumer credit contract secured by a dwelling and subject to the act and this regulation the maximum interest rate that may be imposed during the term of the obligation[50] 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.
[75 FR 7818, Feb. 22, 2010]