12 C.F.R. Subpart C—Disclosure of Differential Interest Rates
Title 12 - Banks and Banking
A qualified lender that offers more than one rate of interest to borrowers must notify each borrower of the right to request a review of the interest rate charged on his or her loan no later than the time of loan closing. At the request of a borrower, the lender must: (a) Provide a review of the loan to determine if the proper interest rate has been established; (b) Explain to the borrower in writing the basis for the interest rate charged; and (c) Explain to the borrower in writing how the credit status of the borrower may be improved to receive a lower interest rate on the loan. [69 FR 16459, Mar. 30, 2004]
Title 12: Banks and Banking
PART 617—BORROWER RIGHTS
Subpart C—Disclosure of Differential Interest Rates
§ 617.7200 What disclosures must a qualified lender make to a borrower on loans offered with more than one rate of interest?
