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Reg C, HOEPA, and Maturity

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This is in reference to Reg C and HOEPA. Our program that we use for closed end consumer credit has only 1 spot to input the treasury maturity. Are we okay using the 10 year maturity only?

For each loan, you should use the Treasury securities index that is closest to the term of the loan. If you can only insert one index, the tenyear, you have a problem. Either you can only make 10year loans or you need to change your software.

First published on 9/15/03

First published on 09/15/2003

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