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What types of variable rate real estate loans are exempt from ARM disclosures?

Question: 
What type(s) of variable rate R/E loan (s) exempt from ARM disclosures?
Answer: 

Exempt from ARM requirements:
Term of one year or less; or
Not secured by principal dwelling; or
Rate cannot increase; or
Exempt from Reg Z completely in accordance with 226.3


-February 19
Flood - Dodging the BIG Wave , presented by Lucy Griffin and David Dickinson


First published on BankersOnline.com 2/2/03

First published on 02/02/2003

Filed under: 
Filed under lending as: 

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