Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part I - General Provisions
Chapter 7 - RESIDENTIAL REAL ESTATE TRANSACTIONS
Section 7.3 - Determination of loan yield
Universal Citation: 10 PA Code ยง 7.3
Current through Register Vol. 54, No. 12, March 23, 2024
(a) The finance charge is amortized over the contract term of the loan.
(b) The loan yield is computed as the annual percentage rate is computed in accordance with section 226.5(b),(c) and (d) of Regulation Z, 12 CFR 226, but using the definition of finance charge provided for in the act.
This section cited in 10 Pa. Code § 7.1 (relating to definitions).
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