Does the Tangible Net Benefit rule apply only to loan applications received after the effective date of the Act and rule (January 1, 2008)?
Related Questions
- Does the tangible net benefit rule require creditors to determine a payment for the principal loan amount only, and then add the 3-year fee amortization amount?
- Does the Tangible Net Benefit rule apply only to loan applications received after the effective date of the Act and rule (January 1, 2008)?
- What loans are now subject to the tangible net benefit test set forth in the Bureaus’ tangible net benefit rule?
