Document Retirement: PA ARM Addendum to Application (Cx3759)
Cx3759 has been provided pursuant to 41 Pa. Stat. Ann. § 301(e)(10) (West 2011), which had required the following in connection with a variable rate loan:
“ (10) No residential mortgage lender may take a residential mortgage providing for a variable interest rate unless it has clearly and conspicuously disclosed to the mortgage debtor in the mortgage application:
(i) That the mortgage rate is subject to change in the future….