ARM - Disclosure Ques

Posted By: Compliance Nut

ARM - Disclosure Ques - 04/30/20 03:37 PM

I have a 1/1 ARM that is maturing. Is there anything in FL law which requires my lender to send a notice of the upcoming maturity? I wouldn't expect to receive a rate change notice since the term is only 1 year, but shouldn't I get a notice of payment change informing me that the new payment is essentially going to be the entire balance?