public index definition
public index means an interest rate, or a variable base rate for an interest rate, that is published at least weekly in a newspaper or magazine of general circulation, or in some media of general circulation or distribution, in areas where borrowers whose mortgages are governed by that interest rate reside.
public index to qualify as a public index, the basis of a floating rate must be made public at least weekly in a publication of general circulation, but harmonized regulations may define what constitutes a public index more specifically;
public index means a list of key identifying items from vital records registered by the local or state registrar, which is issued by the local or state registrar and contains only information that is available to all persons with no restriction by statute or rule.