FORUM PROFILE

Re: Initial APR tolerance

#2840
JGo9
Participant

Under the regulation, the APR disclosed is considered accurate if it is not more than 0.125% above or below the actual APR in a regular transaction, or 0.25% in an irregular transaction. 12 CFR 226.19(a)(2)(ii) requires the delivery of a revised early TIL at least three business days prior to closing if the original TIL is deemed to be inaccurate.