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#2009784 - 04/23/15 03:50 PM Finanace Charge no longer accurate
SamP Offline
Member
Joined: Dec 2012
Posts: 97
The FC is no longer accurate per Regulation Z, but the APR remains in tolerance - Is there any Regulation Z provision that would require me to wait three business days and redisclose?

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Lending Compliance
#2009840 - 04/23/15 06:19 PM Re: Finanace Charge no longer accurate SamP
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
1026.19(a)(2)(ii)If the annual percentage rate disclosed under paragraph (a)(1)(i) of this section becomes inaccurate, as defined in §1026.22, the creditor shall provide corrected disclosures with all changed terms.

Finance charge is not mentioned.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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