Skip to content
BOL Conferences
Thread Options
#791448 - 08/08/07 08:35 PM 1 more HOEPA question
Melissa R Offline
New Poster
Joined: Jul 2004
Posts: 22
Dallas, TX
If a loan term is for 66 months what treasury yield would you compare the APR spread to? 5 year or 7 year?

Return to Top
Lending Compliance
#791470 - 08/08/07 08:46 PM Re: 1 more HOEPA question Melissa R
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,610
Bloomington, IN
If the term is exactly half way between the comparable maturities you use the maturity with the lowest yield. See the Commentary to 226.32(a)(1)(i)(4).
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z