Code of Federal Regulations · Section
§ 1026.30 — Limitation On Rates
12 C.F.R. § 1026.30
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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:
(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.
Authorizing Statute
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Congressional findings and declaration of purpose15 U.S.C. § 1601
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Congressional findings and purpose12 U.S.C. § 2601