Reply To: ARM Model Form H-4(D)(3) & (4)


Our core provider states that the floor should not be listed because it’s not in the model form. But we have a situation…when we add our margin and our index, the rate is below our floor. The floor is actually what is determining the rate at this point. We think the notice is confusing because it tells them to add the index and the margin to get the rate.

Should we urge our core to add the floor to the notice??