Last reviewed 08-20-2026Short-Sale.com Editorialglossary
PERIODIC INTEREST RATE CAP
California Department of Real Estate
Updated 08-20-2026
PERIODIC INTEREST RATE CAP
With respect to an adjustable rate mortgage, limits the increase or decrease in the note rate at each rate adjustment, thereby limiting the borrower’s payment increase or decrease at the time of adjustment.
California Department of Real Estate Glossary
California Department of Real Estate · p. 25
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