### Question
How does HOMEOWNERS PROTECTION define initial amortization schedule?


### Answer
Under *12 U.S.C. § 4901*, **initial amortization schedule** is defined as:

> a schedule established at the time at which a residential mortgage transaction is consummated with respect to a fixed rate mortgage, showing—


(A) the amount of principal and interest that is due at regular intervals to retire the principal balance and accrued interest over the amortization period of the loan

#### Citation:
  - *12 U.S.C. § 4901*
  - Heading: **CHAPTER 49-HOMEOWNERS PROTECTION**

