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#2126116 - 04/12/17 07:46 PM CDs and the 2% rule for loans
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 331
Kansas
Can someone tell me when the requirement regarding the rule for CDs held as collateral, the note rate could only be 2% over the rate on the CD? Thanks.

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Lending Compliance
#2126118 - 04/12/17 07:53 PM Re: CDs and the 2% rule for loans Patricia
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,068
Toano, VA
This was eliminated in the 1980s? (Also check your state law.)
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#2126134 - 04/12/17 08:55 PM Re: CDs and the 2% rule for loans Patricia
Patricia Offline
Gold Star
Joined: Mar 2011
Posts: 331
Kansas
Thanks Richard.

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#2126159 - 04/13/17 01:16 PM Re: CDs and the 2% rule for loans Patricia
Always In Training Offline
Diamond Poster
Joined: Jul 2006
Posts: 1,111
Where the Green Grass Grows
We are (currently) 3% over. So, yeah, check your state & local laws, but it isn't a federal rule anymore.

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