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#1846462 - 08/27/13 09:11 PM Adjustable rate safe harbors
2Confused2go on Offline
100 Club
Joined: Apr 2003
Posts: 148
Texas
12 cfr 1026.36 speaks of an annual rate increase of two percentage points being reasonable (with a life time max of 6 percentage points) related to seller financers. I have found no guidance that expresses the same for financial institutions.

Our limit is the state usury ceiling. Will we have a problem with regulators? Two percent sounds reasonable to me too; however, I was in the bank in the 80's when CD rates were 20% and the S&Ls were going under.
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#1877855 - 12/11/13 08:10 PM Re: Adjustable rate safe harbors 2Confused2go on
2Confused2go on Offline
100 Club
Joined: Apr 2003
Posts: 148
Texas
Bump
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