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two. Additional information and facts regarding prepayment penalty. A creditor complies Using the prerequisite below § 1026.37(b)(7)(i) to reveal supplemental info indicating the most degree of the prepayment penalty Which may be imposed plus the date in the event the period all through which the penalty may be imposed terminates using the phrase
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(1) the creation of credit card debt through the lender's payment of or settlement to pay for dollars on the debtor or to the 3rd party with the account of your debtor;iii. Various successive intervals. If there are actually many periods during which a particular adjustable payment time period applies, like a period of step payments that happens fr