Whoa! Now that I re-read this I'm not so sure. When the proposl first came out it was to be: Example: On October 30th, the rate should be compared to the October 15th Treasury Rate. For November 14th, the rate should be compared to the October 15th rate.
But this (as of the 15th day of the month immediately predecing the month in which the application for the loan was received by the financial institution)...... reads the same as Sec. 32.
Now I'm confused
Any other thoughts out there.