I've looked through the Q & A's on the GBA website and can't seem to find an answer to this question. (I've also posted this on the Georgia forum.)

When testing a 5/1 ARM, what comparable Treasury index should I utilize? I want to say the 5 Year term, but others have told me that they utilize the 1 Year term.

Any help would be appreciated

Since the revisions have been made to GAFLA, you use the same measure as you would for HOEPA. You use the treasury rate term that most closely correlates with the maturity of the loan.

As always ...thank you!