### Question
How does CONSUMER CREDIT PROTECTION define fully indexed rate?


### Answer
Under *15 U.S.C. § 1639c*, **fully indexed rate** is defined as:

> 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

#### Citation:
  - *15 U.S.C. § 1639c*
  - Heading: **CHAPTER 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER I-CONSUMER CREDIT COST DISCLOSURE > Part B-Credit Transactions**

