If a customer requests and ARM loan and wants their payment every fourteen days, should the example of how to calculate their payments on the ARM disclosure reflect the fourteen day payments?

I have tried to find this in Reg. Z, but have not had any luck.

Thanks

Yes.

Here's an example:

* For example, on a $10,000 10-year loan with an initial interest rate of 7.250 in effect in September 2005, the maximum amount that the interest rate can rise under this program is 6.000 percentage point(s), to 13.250 percent, and the biweekly payment can rise from an initial payment of $54.13 to a maximum of $68.22 in the 17th month (1 year, 5 months). To see what your payments would be, divide your mortgage amount by $10,000; then multiply the biweekly payment by that amount (for example, the biweekly payment for a mortgage amount of $60,000 would be: $60,000 / $10,000 = 6; 6 x $54.13 = $324.78 every other week).

Thanks Dan.