MLchartDataset catalogue

Adjustment date

Term · Law · MLC-T-LAW-000371

The specific date on which the interest rate on an adjustable-rate mortgage (ARM) is scheduled to change. This date is predetermined in the loan agreement and occurs at regular intervals, such as annually or every five years. The new rate is typically calculated based on a specified index plus a margin.

Table 1. Record
IdentifierMLC-T-LAW-000371
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000371",
  "term": "Adjustment date",
  "field": "Law",
  "definition": "The specific date on which the interest rate on an adjustable-rate mortgage (ARM) is scheduled to change. This date is predetermined in the loan agreement and occurs at regular intervals, such as annually or every five years. The new rate is typically calculated based on a specified index plus a margin.",
  "url": "https://mlchart.com/terminology/law/adjustment-date/"
}

Record 135 of 5,439 in Law terminology (MLC-0107). Request the full dataset.