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What triggers the re-disclosures of the initial APR?

April 26, 2017Apr initial triggers

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What triggers the re-disclosures of the initial APR?

1 Answer

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Re-disclosure is required if the APR at the time of consummation increases from the last disclosed APR by more than: 1?8 of 1 percentage point in a regular transaction; or 1?4 of 1 percentage point in an irregular transaction (ie. ARM loan).