§ 226.30. Limitation on rates.
77 words·~1 min read·
/us/cfr/t12/s§ 226.30·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 regulation the maximum interest rate that may be imposed during the term of the obligation 50 when: 50 [Reserved]
(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]