For purposes of this rule, "variable or adjustable rate" shall refer to any interest rate or finance charge in a consumer credit agreement which varies or fluctuates in accordance with a specified index, whether or not any variation is subject to a minimum or maximum change, or both, or a floor or ceiling rate, or both.

KEY: financial institutions

Date of Last Change: 1995

Notice of Continuation: September 13, 2022

Authorizing, and Implemented or Interpreted Law: 70C-8-102(1)(e)