12 C.F.R. § 1026.30 – Limitation on rates. | Midpage
§ 1026.30
12 C.F.R. § 1026.30
Limitation on rates.
Effective Jan 1, 2017
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.