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#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?

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#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).
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The opinions expressed are mine and they are not to be taken as legal advice.

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