When Should I Receive an Interest Rate Adjustment Notice?

It depends on which type of interest rate adjustment notice you are expecting to receive.

• The initial interest rate adjustment notice: at least 210 days, but no more than 240 days, before the first adjusted payment is due.

Tellus TIP:

If the first adjusted payment is due within 210 days after consummation, servicers must send you notice at the moment of consummation.

• The ongoing interest rate adjustment notice: at least 60 days, but no more than 120 days, before the first adjusted payment is due.