10 Pa. Code § 7.3. Determination of loan yield.

§ 7.3. Determination of loan yield.

(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.

Source

   The provisions of this §  7.3 adopted March 22, 1974, effective March 23, 1974, 4 Pa.B. 509; amended January 10, 1975, effective January 11, 1975, 5 Pa.B. 72.

Cross References

   This section cited in 10 Pa. Code §  7.1 (relating to definitions).

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