- (1) Any change in the applicable rate resulting from a change in the numerical value of an index need not be disclosed in advance of the change.
- (2) Each regular statement of account shall state the rate or weighted average of rates applicable to the account during the period covered by the statement; otherwise, it will not be necessary to give notice of any change in the applicable rate or describe the amount of any change.
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)