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]