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#28480 - 08/20/02 04:02 PM HOEPA & Post Maturity Interest

Once a home loan matures, would it still be subject to HOEPA scrutiny if the Note contract stiplates that interest after the maturity date, is payable at a certain amount until payment is received, such as at 18%? Your help would be most appreciated.

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Lending Compliance
#28481 - 08/21/02 03:06 PM Re: HOEPA & Post Maturity Interest
Gotwood Offline
Platinum Poster
Joined: May 2001
Posts: 715
I say no since the APR test under HOEPA compares the interest rate on the loan to a yield of a Treasury security with a COMPARABLE period of maturity.

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