Skip to content
BOL Conferences
Thread Options
#208490 - 07/07/04 07:06 PM ARM TIL
Anonymous
Unregistered

When calculating the APR for the final TIL, is the P Note rate used or the index in effect on the day the disclosure is prepared?

Thanks in advance for your assistance.


Return to Top
Lending Compliance
#208491 - 07/07/04 07:10 PM Re: ARM TIL
Dan Persfull Online
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
P Note Rate?

If no discount or premium is involved you use the fully indexed rate (index plus margin) as of the note date to calculate your payment stream.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z