MCOB 7A.2 Notification of interest-rate changes

When giving notice to a consumer of any changes that the consumer is required to make resulting from interest-rate changes for an MCD regulated mortgage contract, a firm must:

1. (1)

   give notice of the amount of the payments to be made after the new interest-rate change takes effect; and

2. (2)

   where the number or frequency of the payments will change, give particulars of these changes.