fully indexed rate
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “fully indexed rate” means the index rate prevailing on a residential mortgage loan at the time the loan is made plus the margin that will apply after the expiration of any introductory interest rates.
Source
- 2010–present15 U.S.C. § 1639cCommerce and Trade · Minimum standards for residential mortgage loans · in this section