Will the Adjustable Rate Mortgage (ARM) Program description on the Adjustable Rate Mortgage Program Disclosure and Uniform Residential Loan Application document be updated if values are modified on the Calculations page?

Yes. Anytime a change is made to the Initial Rate Hold Term and Subsequent Rate Change on the Calculations page for a variable rate transaction, the description that is defaulted to the documents will be updated.

After you modify Describes the program being used for a variable rate loan description on the Document Data page, they will no longer default from the Rate Change Information section on the Calculations page.