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What is a Fixed Rate Disclosure?

What is a "Fixed Rate Disclosure" and is it specifically required by a particular agency?


Lenders make loans that have fixed rates of interest, and variable rates of interest. The rates do what it sounds like, they stay the same or they can fluctuate, based on time or some index such as a prime rate. I assume "Fixed Rate Disclosure" means that you received disclosures on a loan where the rate will not change. Terminology is not always the same within the banking industry so you could have a document with this title that has more meaning to that lender, than to anyone else.

Published on BankingQuestions.com 12/12/07