variable rate NRE

Posted By: komply

variable rate NRE - 02/01/12 01:57 PM

Need some assistance on this one. Its for our website.. The product is a secured loan (NRE)has a variable rate based on prime with a term 12-60 months, no rate discount adjust monthly. It has an origination fee. The term is 1- 5 yrs. Under Reg Z 226.24(c) and (d) and Commentary 226.24(d)(2)-5 I will need to give an example of the term, APR, payment amount, fact that rate tied to prime and subject to change. Can you confirm?