March 15, 2012 - 10:56am
#1
In performing a review of Consumer Loans, are you recalculating the APR for each loan to ensure within Reg Z guidelines? If so, how are you recalculating the APRs? Using software? Or a formula?If you are not recalculating the APRs, what are you doing to ensure compliance with Reg Z? Are you recalculating the monthly payments?Thank you!!
