SECTION 160:45-7-4. Limitations on rates

Latest version.

  A creditor shall include in any consumer credit contract secured by a dwelling and subject to the Code and this chapter the maximum interest rate that may be imposed during the term of the obligation when -
(1)   in the case of closed-end credit, the annual percentage rate may increase after consummation, or
(2)   in the case of open-end credit, the annual percentage rate may increase during the plan.

[Source: Added at 17 Ok Reg 1587, eff 5-25-00]

                    
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