To possess repaired-speed protected financing, the word for determining the new similar transaction ‘s the transaction’s maturity (we
we. Fixed-price purchases. age., that time until the history percentage would-be owed according to the closed-end home mortgage contract or unlock-avoid credit line arrangement). When the an unbarred-stop borrowing plan have a predetermined speed however, no particular plan length, a financial institution complies with 1003.4(a)(12)(i)…