Which of the following items is a requirement for the initial interest rate adjustment notice for a closed-end ARM?

The requirement for the initial interest rate adjustment notice for a closed-end adjustable-rate mortgage (ARM) specifies that this notice must be sent to the borrower at least 210 to 240 days before the first payment at the adjusted rate is due. This timeframe is crucial because it allows borrowers adequate notice and time to prepare for the change in their payment obligations. The advance notice helps ensure that borrowers can understand their upcoming adjustments and make any necessary financial arrangements.

In the context of closed-end ARMs, this requirement is aligned with the regulatory expectations set forth to promote clarity and transparency in lending practices, thereby safeguarding consumers from unexpected financial burdens.

The other options do not reflect the correct timeframe stipulated for notification. For example, while it is essential for the notice to be clear and comprehensible, the specific timing of 210 to 240 days is what differentiates the correct requirement from any misinformation regarding when such notices should be sent.