Document Updates: ARM Disclosure – Investor (Cx13457) and ARM Disclosure – Lender (Cx14089)
Both Cx13457 and 14089 provide the adjustable-rate mortgage (ARM) disclosures required under 12 CFR § 1026.19(b). One of the disclosures set forth in this Subsection is as follows:
“The maximum interest rate and payment for a $10,000 loan originated at the initial interest rate (index value plus margin,…