Current through Register Vol. 54, No. 45, November 9, 2024
Section 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.The provisions of this §7.3 adopted March 22, 1974, effective 3/23/1974, 4 Pa.B. 509; amended January 10, 1975, effective 1/11/1975, 5 Pa.B. 72. This section cited in 10 Pa. Code § 7.1 (relating to definitions).