StacksVerified U.S. regulatory reference

12 CFR §617.7200

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A qualified lender that offers more than one rate of interest to borrowers must notify each borrower of the right to request a review of the interest rate charged on his or her loan no later than the time of loan closing. At the request of a borrower, the lender must:
  1. (a)Provide a review of the loan to determine if the proper interest rate has been established;
  2. (b)Explain to the borrower in writing the basis for the interest rate charged; and
  3. (c)Explain to the borrower in writing how the credit status of the borrower may be improved to receive a lower interest rate on the loan.