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:
Code of Federal Regulations
Footnote(s):
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.
Code of Federal Regulations
[75 FR 7818, Feb. 22, 2010]