§1615. Prohibition on use of “Rule of 78’s” in connection with mortgage refinancings and other consumer loans — Inbound Citations

Citations to §1615(d)

• 15 U.S.C. § 1639(c)(1)(B)

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  (B) For purposes of this subsection, any method of computing a refund of unearned scheduled interest is a prepayment penalty if it is less favorable to the consumer than the actuarial method (as that term is defined in section 1615(d) of this title).
• 15 U.S.C. § 1639(d)

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  (d) A mortgage referred to in section 1602(aa)¹ of this title may not provide for an interest rate applicable after default that is higher than the interest rate that applies before default. If the date of maturity of a mortgage referred to in subsection³ 1602(aa)¹ of this title is accelerated due to default and the consumer is entitled to a rebate of interest, that rebate shall be computed by any method that is not less favorable than the actuarial method (as that term is defined in section 1615(d) of this title).