- Business Rules
How do I disclose an Interest Rate on the Loan Terms table?Unrounded number. It may be disclosed out to 2 or 3 decimals. If it is a whole number truncate at decimal point.
|Examples:||3.5%, 3.000%, 3.00%||Not Allowed|
|3.50%, 3.501%, 3%||Allowed|
Citation(s): §1026.37(b)(2); §1026.37(o)(4)(ii) and Commentary ¶37(o)(4)(ii)-1
CFPB announcement regarding the delay of TRID
The full statement from CFPB Director Richard Cordray can be viewed here