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variable rate loans issued on the One Month LIBOR rate, the LIBOR is 1.66% effective February 1, 2020.
variable rate loans issued on the Three Month LIBOR rate, the LIBOR is 1.95% effective January 1, 2020 - March 31, 2020.
identify which LIBOR is applicable to your loan on the Final Disclosure issued
by Laurel Road.
change to the LIBOR rate, variable rate loans will re-amortize and a repayment
schedule will be provided that will include your new monthly payment amount,
interest rate (margin plus LIBOR), and the effective date of your new monthly
repayment schedule interest rate does not reflect the Auto Pay discount as
payments are not calculated with the discounted interest rate.