The APR must be re-disclosed on a regular loan if:
a. It is more than 1% greater than it was at the time of its initial disclosure
b. It varies by more than one eighth of 1% from its initial disclosure
c. It varies by more than one half of 1% from its initial disclosure
d. 30 days have elapsed since the time of the initial disclosure
Ans: b. It varies by more than one eighth of 1% from its initial disclosure
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Which of the following statements about a calendar-year deductible is (are) true?
I. It requires the insured to pay a specified amount of each claim regardless of when the claim occurs during the year and regardless of any previous claims during the year. II. It is used only in policies which cover direct property losses. A) I only B) II only C) both I and II D) neither I nor II
California is under the jurisdiction of the __ _________ U.S. Circuit Court of Appeals
Fill in the blank(s) with the appropriate word(s).