[Code of Federal Regulations]

[Title 12, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR226.30]



[Page 310]

 

                       TITLE 12--BANKS AND BANKING

 

                   CHAPTER II--FEDERAL RESERVE SYSTEM

 

PART 226_TRUTH IN LENDING (REGULATION Z)--Table of Contents

 

                         Subpart D_Miscellaneous

 

Sec. 226.30  Limitation on rates.



    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:

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    \50\ Compliance with this section will constitute compliance with 

the disclosure requirements on limitations on increases in footnote 12 

to Sec. Sec. 226.6(a)(2) and 226.18(f)(2) until October 1, 1988.

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    (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.



[52 FR 43181, Nov. 9, 1987]