Rate threshold definition
Rate threshold means the annual percentage rate of the loan
Rate threshold means the annual percentage rate of the loan at the time the loan is consummated such that the loan is considered a "mortgage" under section 152 of the federal "Home Ownership and Equity Protection Act of 1994," Pub.L. 103-325 (15 U.S.C. s.1602(aa)), and the regulations promulgated by the Federal Reserve Board, including 12 C.F.R. s.226.32, without regard to whether the loan transaction is or may be a "residential mortgage transaction," as defined in 12 C.F.R. s.226.2(a)(24).
Rate threshold means for a home loan, the annual percentage rate equals or exceeds the rate set forth in 12 C.F.R. 226.32(a)(1)(i), without regard to whether the
More Definitions of Rate threshold
Rate threshold means the annual percentage rate of the loan at the time the loan is consummated is such that the loan is considered a “mortgage” pursuant to §152 of the Home Ownership Equity Protection Act of 1994, 15 U.S.C. § 1602(aa), and the regulations adopted pursuant thereto by the federal reserve system, including 12 CFR §226.32, and as used in the official staff commentary of the board of governors of the federal reserve system as the same may be amended from time to time.
Rate threshold means the annual percentage rate of the loan at the time the loan is consummated is such that the loan is considered a “mortgage” pursuant to
Rate threshold means the annual percentage rate of the loan at the time the loan is consummated such that the loan is considered a "mortgage" under section 152 of the federal Home Ownership and Equity Protection Act of 1994, P.L. 103-325 (15 U.S.C.
Rate threshold. , for a mortgage loan, means the annual percentage rate that equals or exceeds the rate set forth in 12 CFR 226.32(a)(1)(i), without regard to whether the mortgage loan may be considered a residential mortgage transaction or an extension of open-end credit as those terms are defined in 12 CFR 226.2.