12 CFR 226.30 - Limitation on rates.

Regulations last checked for updates: Oct 17, 2024

Title 12 - Banks and Banking last revised: Oct 15, 2024

View all text of Subpart D [§ 226.25 - § 226.30]

§ 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:

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]

authority: 12 U.S.C. 3806; 15 U.S.C. 1604,1637,1639,and; Pub. L. 111-24, section 2, 123 Stat. 1734; Pub. L. 111-203, 124 Stat. 1376

source: Reg. Z, 46 FR 20892, Apr. 7, 1981, unless otherwise noted.

cite as: 12 CFR 226.30