---
kind: "section"
citation: "12 C.F.R. § 617.7200"
title: "12"
number: "617.7200"
heading: "What disclosures must a qualified lender make to a borrower on loans offered with more than one rate of interest?"
url: "https://uscodex.org/cfr/12/617.7200"
---

# §617.7200. What disclosures must a qualified lender make to a borrower on loans offered with more than one rate of interest?


A qualified lender that offers more than one rate of interest to borrowers must notify each borrower of the right to request a review of the interest rate charged on his or her loan no later than the time of loan closing. At the request of a borrower, the lender must:

- (a) Provide a review of the loan to determine if the proper interest rate has been established;
- (b) Explain to the borrower in writing the basis for the interest rate charged; and
- (c) Explain to the borrower in writing how the credit status of the borrower may be improved to receive a lower interest rate on the loan.

## Notes

### Amendments

[69 FR 16459, Mar. 30, 2004]

### Authority

Authority: Secs. 4.13, 4.13A, 4.13B, 4.14, 4.14A, 4.14C, 4.14D, 4.14E, 4.36, 5.9, 5.17 of the Farm Credit Act (12 U.S.C. 2199, 2200, 2201, 2202, 2202a, 2202c, 2202d, 2202e, 2219a, 2243, 2252).

### Source

Source: 69 FR 10907, 10908, Mar. 9, 2004, unless otherwise noted.

### Amendments

[69 FR 16459, Mar. 30, 2004]