§1026.30. Limitation on rates.
12 C.F.R. § 1026.30
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:
In the case of closed-end credit, the annual percentage rate may increase after consummation, or
In the case of open-end credit, the annual percentage rate may increase during the plan.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 2601, 2603-2605, 2607, 2609, 2617, 3353, 3354, 5511, 5512, 5532, 5581; 15 U.S.C. 1601 et seq.
Source
Source: 76 FR 79772, Dec. 22, 2011, unless otherwise noted.