Subsequent disclosure requirements.

CFR · 2024-01-01 · US · Title 12

(a) (1) A renewal of a single payment obligation with no change in the original terms. (2) A reduction in the annual percentage rate with a corresponding change in the payment schedule. (3) An agreement involving a court proceeding. (4) A change in the payment schedule or a change in collateral requirements as a result of the consumer's default or delinquency, unless the rate is increased, or the new amount financed exceeds the unpaid balance plus earned finance charge and premiums for continuation of insurance of the types described in § 226.4(d). (5) The renewal of optional insurance purchased by the consumer and added to an existing transaction, if disclosures relating to the initial purchase were provided as required by this subpart. (b) (1) The unpaid balance of the obligation assumed. (2) The total charges imposed by the creditor in connection with the assumption. (3) The information required to be disclosed under § 226.18(k), (l), (m), and (n). (4) The annual percentage rate originally imposed on the obligation. (5) The payment schedule under § 226.18(g) and the total of payments under § 226.18(h) based on the remaining obligation. (c) (1) The current and prior interest rates. (2) The index values upon which the current and prior interest rates are based. (3) The extent to which the creditor has foregone any increase in the interest rate. (4) The contractual effects of the adjustment, including the payment due after the adjustment is made, and a statement of the loan b

official document · source cfr-2024 · id 12:§ 226.20