§ 1026.30. Limitation on rates.
68 words·~1 min read·
/us/cfr/t12/s§ 1026.30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.