{"component": "clause", "props": {"groups": [{"size": 7, "snippet_links": [{"key": "on-purchases", "type": "clause", "offset": [33, 45]}, {"key": "new-balance", "type": "definition", "offset": [79, 90]}, {"key": "statement-closing-date", "type": "definition", "offset": [131, 153]}, {"key": "cash-advances", "type": "definition", "offset": [204, 217]}, {"key": "subsequent-purchases", "type": "definition", "offset": [223, 243]}, {"key": "to-your-account", "type": "clause", "offset": [274, 289]}, {"key": "subject-to-the", "type": "definition", "offset": [299, 313]}, {"key": "balance-transfers", "type": "definition", "offset": [345, 362]}, {"key": "convenience-checks", "type": "clause", "offset": [364, 382]}], "snippet": "You can avoid the FINANCE CHARGE on purchases by paying the full amount of the New Balance Total each month within 25 days of your statement closing date. Otherwise, the New Balance, including purchases, cash advances, and subsequent purchases from the date they are posted to your account, will be subject to the FINANCE CHARGE. Cash advances, balance transfers, convenience checks are always subject to the FINANCE CHARGE from the date they are posted to your account.", "samples": [{"hash": "dfuczHS1BDv", "uri": "/contracts/dfuczHS1BDv#finance-charge", "label": "Credit Card Agreement", "score": 25.9007530212, "published": true}, {"hash": "bSXcsqNKCaZ", "uri": "/contracts/bSXcsqNKCaZ#finance-charge", "label": "Credit Card Agreement", "score": 25.9007530212, "published": true}, {"hash": "3y99s4NiJbN", "uri": "/contracts/3y99s4NiJbN#finance-charge", "label": "Credit Card Agreement", "score": 25.9007530212, "published": true}], "hash": "f55ad21918e0ba8da63f3c13e08ab0e2", "id": 7}, {"size": 12, "snippet_links": [{"key": "promotional-period", "type": "definition", "offset": [34, 52]}, {"key": "balance-transfers", "type": "definition", "offset": [102, 119]}, {"key": "sum-of", "type": "clause", "offset": [135, 141]}, {"key": "the-prime-rate", "type": "definition", "offset": [142, 156]}, {"key": "money-rates", "type": "definition", "offset": [174, 185]}, {"key": "the-wall-street-journal", "type": "clause", "offset": [216, 239]}, {"key": "day-of", "type": "clause", "offset": [261, 267]}, {"key": "a-margin", "type": "definition", "offset": [284, 292]}, {"key": "credit-history", "type": "clause", "offset": [320, 334]}, {"key": "periodic-rate-and-corresponding-annual-percentage-rate", "type": "clause", "offset": [365, 419]}, {"key": "account-opening-disclosures", "type": "clause", "offset": [486, 513]}, {"key": "delivery-of-this-agreement", "type": "clause", "offset": [549, 575]}, {"key": "terms-of", "type": "definition", "offset": [581, 589]}, {"key": "are-incorporated-herein-by-reference", "type": "clause", "offset": [596, 632]}, {"key": "subject-to", "type": "clause", "offset": [697, 707]}, {"key": "lesser-of", "type": "definition", "offset": [725, 734]}, {"key": "applicable-law", "type": "clause", "offset": [783, 797]}, {"key": "for-cash", "type": "definition", "offset": [829, 837]}, {"key": "successor-index", "type": "definition", "offset": [1057, 1072]}, {"key": "chosen-by", "type": "clause", "offset": [1110, 1119]}, {"key": "additional-finance", "type": "clause", "offset": [1146, 1164]}, {"key": "on-purchases", "type": "clause", "offset": [1172, 1184]}, {"key": "periodic-statement", "type": "clause", "offset": [1225, 1243]}, {"key": "new-purchases", "type": "clause", "offset": [1255, 1268]}, {"key": "you-must-pay", "type": "clause", "offset": [1325, 1337]}, {"key": "new-balance", "type": "definition", "offset": [1342, 1353]}, {"key": "payment-due-date", "type": "clause", "offset": [1439, 1455]}, {"key": "charges-for", "type": "clause", "offset": [1469, 1480]}, {"key": "billing-cycle", "type": "definition", "offset": [1483, 1496]}, {"key": "are-computed", "type": "clause", "offset": [1497, 1509]}, {"key": "the-case", "type": "definition", "offset": [1646, 1654]}, {"key": "the-daily", "type": "clause", "offset": [1706, 1715]}, {"key": "days-in", "type": "definition", "offset": [1767, 1774]}, {"key": "the-cycle", "type": "clause", "offset": [1775, 1784]}, {"key": "average-daily-balances", "type": "definition", "offset": [1795, 1817]}, {"key": "previous-balance", "type": "definition", "offset": [2035, 2051]}, {"key": "to-your-account", "type": "clause", "offset": [2234, 2249]}, {"key": "as-received", "type": "definition", "offset": [2279, 2290]}, {"key": "but-excluding", "type": "clause", "offset": [2423, 2436]}, {"key": "on-cash-advances", "type": "definition", "offset": [2502, 2518]}, {"key": "convenience-checks", "type": "clause", "offset": [2562, 2580]}, {"key": "date-of", "type": "clause", "offset": [2600, 2607]}, {"key": "the-transaction", "type": "clause", "offset": [2608, 2623]}, {"key": "not-included", "type": "clause", "offset": [2634, 2646]}, {"key": "calculation-of-the-average", "type": "clause", "offset": [2654, 2680]}, {"key": "paid-in-full", "type": "definition", "offset": [2795, 2807]}, {"key": "terms-for", "type": "definition", "offset": [2847, 2856]}, {"key": "the-period", "type": "clause", "offset": [3092, 3102]}, {"key": "in-effect", "type": "clause", "offset": [3132, 3141]}, {"key": "circumstances-under", "type": "clause", "offset": [3147, 3166]}, {"key": "revocation-of-such", "type": "clause", "offset": [3278, 3296]}], "snippet": "Except during any introductory or promotional period, the FINANCE CHARGE (INTEREST) for purchases and balance transfers will equal the sum of the Prime Rate as listed in the Money Rates Section of Eastern edition of The Wall Street Journal on the last business day of each month plus a margin based upon your cumulative credit history. Your margin, initial Monthly Periodic Rate and corresponding ANNUAL PERCENTAGE RATE (APR) for purchases and balance transfers are as set forth in the Account Opening Disclosures provided to you at the time of the delivery of this agreement, the terms of which are incorporated herein by reference. The FINANCE CHARGE for purchases and balance transfers will be subject to a maximum of the lesser of 18.00% APR or the highest APR then permitted by applicable law. The FINANCE CHARGE (INTEREST) for cash advances will equal the sum of the Prime Rate plus 17.99%, subject to a maximum of the lesser of 18.00% APR or the highest APR then permitted by applicable law. If the index is discontinued or is no longer available, a successor index setting forth the prime rate will be chosen by us. To avoid incurring an additional FINANCE CHARGE on purchases and balance transfers reflected on your periodic statement and on any new purchases and balance transfers appearing on your next statement, you must pay the new balance for purchases and balance transfers shown on the periodic statement on or before the Payment Due Date. The FINANCE CHARGES for a billing cycle are computed by applying the Monthly Periodic Rate to the average daily balance of (i) purchases, (ii) balance transfers, or (iii) cash advances, as the case may be, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Separate average daily balances are calculated for (i) purchases, (ii) balance transfers, and (iii) cash advances. Each daily balance of (i) purchases,(ii)balance transfers, or (iii) cash advances, as the case may be, is determined by adding to the previous balance of (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, any new (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, posted to your account and subtracting any payments as received and credits posted to your account and applied to (i) purchases,(ii) balance transfers, or (iii) cash advances, as the case may be, but excluding any unpaid FINANCE CHARGES. FINANCE CHARGES will begin to accrue on cash advances, including over-the counter cash advances, convenience checks, and ATMs from the date of the transaction. Fees are not included in the calculation of the average daily balance. Finance charges will continue to accrue on your account until what you owe under this agreement is paid in full. We may offer promotional or preferred terms for all or any part of any balance. Promotional and preferred terms may be applicable for limited periods. Any applicable promotional or preferred terms (including any promotional or preferred Monthly Periodic Rate and corresponding APR), the period in which such terms shall be in effect, the circumstances under which such terms may be revoked, and the Monthly Periodic Rate and corresponding APR that will apply after the revocation of such terms are set forth in the Account Opening Disclosures provided to you at the time of this agreement, the terms of which are incorporated herein by reference.", "samples": [{"hash": "iFb40LHFtAN", "uri": "/contracts/iFb40LHFtAN#finance-charge", "label": "Credit Card Agreement", "score": 28.6683826447, "published": true}, {"hash": "90IF9XvvuLU", "uri": "/contracts/90IF9XvvuLU#finance-charge", "label": "Credit Card Agreement", "score": 28.6683826447, "published": true}, {"hash": "2r5dsIpHxv1", "uri": "/contracts/2r5dsIpHxv1#finance-charge", "label": "Credit Card Agreement", "score": 25.8350448608, "published": true}], "hash": "b0db6bf2b055922b89fa47a589e17b01", "id": 3}, {"size": 51, "snippet_links": [{"key": "payment-of", "type": "clause", "offset": [33, 43]}, {"key": "yield-interest", "type": "clause", "offset": [70, 84]}, {"key": "basis-of", "type": "clause", "offset": [103, 111]}], "snippet": "Each Receivable provides for the payment of a finance charge or shall yield interest calculated on the basis of an APR ranging from 0.50% to 22.24%.", "samples": [{"hash": "lUxEFOZ032x", "uri": "/contracts/lUxEFOZ032x#finance-charge", "label": "Sale and Servicing Agreement (Honda Auto Receivables 2015-3 Owner Trust)", "score": 26.6290206909, "published": true}, {"hash": "x5dUB7ymyz", "uri": "/contracts/x5dUB7ymyz#finance-charge", "label": "Sale and Servicing Agreement (Honda Auto Receivables 2015-3 Owner Trust)", "score": 26.6153316498, "published": true}, {"hash": "7Wg5UlJfnzS", "uri": "/contracts/7Wg5UlJfnzS#finance-charge", "label": "Sale and Servicing Agreement (Honda Auto Receivables 2013-2 Owner Trust)", "score": 24.3100624084, "published": true}], "hash": "c6ca3ce47c6d09602f0e6ff185c86d72", "id": 1}, {"size": 8, "snippet_links": [{"key": "payment-of", "type": "clause", "offset": [33, 43]}, {"key": "basis-of", "type": "clause", "offset": [79, 87]}, {"key": "related-contract", "type": "definition", "offset": [110, 126]}, {"key": "servicemembers-civil-relief-act", "type": "definition", "offset": [201, 232]}, {"key": "as-amended", "type": "definition", "offset": [234, 244]}], "snippet": "Each Receivable provides for the payment of a finance charge calculated on the basis of the APR stated in the related Contract and such APR has not been modified except as otherwise required under the Servicemembers Civil Relief Act, as amended.", "samples": [{"hash": "kdfR59l83w2", "uri": "/contracts/kdfR59l83w2#finance-charge", "label": "Sale and Servicing Agreement (Franklin Auto Trust 2005-1)", "score": 19.0, "published": true}, {"hash": "jhah5ZXzONJ", "uri": "/contracts/jhah5ZXzONJ#finance-charge", "label": "Sale and Servicing Agreement (Franklin Auto Trust 2006-1)", "score": 19.0, "published": true}, {"hash": "8Yu3rbcFrF0", "uri": "/contracts/8Yu3rbcFrF0#finance-charge", "label": "Sale and Servicing Agreement (Franklin Receivables LLC)", "score": 19.0, "published": true}], "hash": "9ebe290a434cb8c0fb004483affdbe4a", "id": 6}, {"size": 6, "snippet_links": [{"key": "finance-charges", "type": "definition", "offset": [15, 30]}, {"key": "your-account", "type": "definition", "offset": [34, 46]}, {"key": "periodic-rate", "type": "clause", "offset": [63, 76]}, {"key": "average-daily-balance", "type": "definition", "offset": [85, 106]}, {"key": "credit-purchases", "type": "clause", "offset": [108, 124]}, {"key": "balance-transfers-and-cash-advances", "type": "clause", "offset": [126, 161]}], "snippet": "We will impose finance charges on your Account by applying the Periodic Rate to your average daily balance (Credit Purchases, Balance Transfers and Cash Advances).", "samples": [{"hash": "N38js7v7FA", "uri": "/contracts/N38js7v7FA#finance-charge", "label": "Credit Card Agreement", "score": 26.3141689301, "published": true}, {"hash": "7LvkkQvmRnJ", "uri": "/contracts/7LvkkQvmRnJ#finance-charge", "label": "Credit Card Agreement", "score": 24.9000682831, "published": true}, {"hash": "7P6zjqo4lbZ", "uri": "/contracts/7P6zjqo4lbZ#finance-charge", "label": "Credit Card Agreement", "score": 24.8713207245, "published": true}], "hash": "96750be95f6393c1e67b0cb08c752be4", "id": 8}, {"size": 9, "snippet_links": [{"key": "the-insurance-company", "type": "clause", "offset": [0, 21]}, {"key": "per-month", "type": "clause", "offset": [56, 65]}, {"key": "applies-to", "type": "clause", "offset": [72, 82]}, {"key": "day-of", "type": "clause", "offset": [181, 187]}, {"key": "billing-period", "type": "clause", "offset": [192, 206]}, {"key": "the-grace-period", "type": "clause", "offset": [231, 247]}, {"key": "this-policy", "type": "definition", "offset": [286, 297]}], "snippet": "The Insurance Company may impose a finance charge of 5% per month. This applies to the amount of any Aggregate Premiums not remitted to the Insurance Company on or before the first day of any billing period after the expiration of the Grace Period. This applies through the duration of this Policy.", "samples": [{"hash": "13ARTTQXo73", "uri": "/contracts/13ARTTQXo73#finance-charge", "label": "Group Insurance Policy", "score": 28.4097995758, "published": true}, {"hash": "9fyp4v7fo5I", "uri": "/contracts/9fyp4v7fo5I#finance-charge", "label": "Group Insurance Policy", "score": 27.8536624908, "published": true}, {"hash": "lBDQcDQYsGS", "uri": "/contracts/lBDQcDQYsGS#finance-charge", "label": "Group Insurance Policy", "score": 27.8427124023, "published": true}], "hash": "a03229deb4d3801881e26ad5cc7aade1", "id": 5}, {"size": 11, "snippet_links": [{"key": "on-purchases", "type": "clause", "offset": [82, 94]}, {"key": "each-purchase", "type": "clause", "offset": [109, 122]}, {"key": "to-your-account", "type": "clause", "offset": [133, 148]}, {"key": "outstanding-balance", "type": "clause", "offset": [184, 203]}, {"key": "monthly-statement", "type": "definition", "offset": [218, 235]}, {"key": "paid-in-full", "type": "definition", "offset": [240, 252]}, {"key": "statement-due-date", "type": "definition", "offset": [266, 284]}, {"key": "new-balance", "type": "definition", "offset": [321, 332]}, {"key": "after-the-closing-date", "type": "clause", "offset": [356, 378]}, {"key": "grace-period-for-purchases", "type": "definition", "offset": [439, 465]}, {"key": "billing-cycle", "type": "definition", "offset": [523, 536]}, {"key": "balance-transfers-and-cash-advances", "type": "clause", "offset": [538, 573]}, {"key": "time-period", "type": "clause", "offset": [755, 766]}, {"key": "pay-to", "type": "definition", "offset": [783, 789]}, {"key": "periodic-finance-charge", "type": "definition", "offset": [798, 821]}, {"key": "on-cash-advances", "type": "definition", "offset": [822, 838]}, {"key": "periodic-rates", "type": "clause", "offset": [864, 878]}], "snippet": "a. When a FINANCE CHARGE will accrue: Purchases. A FINANCE CHARGE will be imposed on purchases from the date each purchase is posted to your Account to the date paid. If, however, the outstanding balance on your prior monthly statement was paid in full prior to the statement due date or was zero and you pay your entire New Balance in full within 25 days after the closing date, no FINANCE CHARGE will be imposed on your purchases. This \u201cgrace period for purchases\u201d allows you to avoid a FINANCE CHARGE on purchases for a billing cycle. Balance Transfers and Cash Advances. A FINANCE CHARGE will be imposed on balance transfers and cash advances from the date each cash advance or balance transfer is posted to your Account to the date paid. There is no time period within which to pay to avoid a periodic FINANCE CHARGE on cash advances or balance transfers.\nb. Periodic Rates used to compute FINANCE CHARGE:", "samples": [{"hash": "67LiMuG4hJn", "uri": "/contracts/67LiMuG4hJn#finance-charge", "label": "Credit Card Agreement", "score": 24.7494869232, "published": true}, {"hash": "iSP8cooeh30", "uri": "/contracts/iSP8cooeh30#finance-charge", "label": "Credit Card Agreement", "score": 21.3203277588, "published": true}, {"hash": "7g01s26qcAP", "uri": "/contracts/7g01s26qcAP#finance-charge", "label": "Credit Card Agreement", "score": 21.3203277588, "published": true}], "hash": "4b653a059f3c7eac6ca694f94ce5b6bf", "id": 4}, {"size": 21, "snippet_links": [{"key": "payment-of", "type": "clause", "offset": [33, 43]}, {"key": "basis-of", "type": "clause", "offset": [79, 87]}], "snippet": "Each Receivable provides for the payment of a finance charge calculated on the basis of an APR ranging from 1.700% to 18.990%.", "samples": [{"hash": "55ixpuojWV7", "uri": "/contracts/55ixpuojWV7#finance-charge", "label": "Sale and Servicing Agreement (American Honda Receivables 2006-1 Owner Trust)", "score": 19.0, "published": true}], "hash": "63e9903211dc6a65bded2dedd4d93022", "id": 2}, {"size": 6, "snippet_links": [{"key": "monthly-periodic-rate", "type": "definition", "offset": [49, 70]}, {"key": "the-applicable", "type": "clause", "offset": [96, 110]}, {"key": "annual-percentage-rate", "type": "definition", "offset": [111, 133]}, {"key": "the-annual", "type": "clause", "offset": [145, 155]}, {"key": "subject-to-change", "type": "clause", "offset": [175, 192]}, {"key": "purchase-balance", "type": "definition", "offset": [243, 259]}, {"key": "new-purchases", "type": "clause", "offset": [268, 281]}, {"key": "total-new-balance", "type": "definition", "offset": [297, 314]}, {"key": "payment-due-date", "type": "clause", "offset": [336, 352]}, {"key": "a-purchase", "type": "definition", "offset": [451, 461]}, {"key": "the-statement", "type": "clause", "offset": [521, 534]}, {"key": "end-of-the-grace-period", "type": "definition", "offset": [612, 635]}, {"key": "day-of", "type": "clause", "offset": [716, 722]}, {"key": "next-billing-cycle", "type": "definition", "offset": [727, 745]}, {"key": "to-your-account", "type": "clause", "offset": [797, 812]}, {"key": "on-cash-advances", "type": "definition", "offset": [842, 858]}, {"key": "convenience-checks", "type": "clause", "offset": [860, 878]}, {"key": "transfers-from", "type": "definition", "offset": [892, 906]}, {"key": "average-daily-balances", "type": "definition", "offset": [958, 980]}, {"key": "purchases-and-cash-advances", "type": "clause", "offset": [1000, 1027]}, {"key": "the-daily", "type": "clause", "offset": [1171, 1180]}, {"key": "divided-by", "type": "clause", "offset": [1273, 1283]}, {"key": "days-in", "type": "definition", "offset": [1298, 1305]}, {"key": "the-cycle", "type": "clause", "offset": [1306, 1315]}, {"key": "for-cash", "type": "definition", "offset": [1342, 1350]}, {"key": "the-day", "type": "definition", "offset": [1392, 1399]}, {"key": "beginning-balance", "type": "clause", "offset": [1402, 1419]}, {"key": "payments-and-credits", "type": "clause", "offset": [1424, 1444]}, {"key": "fees-and-finance-charges", "type": "clause", "offset": [1804, 1828]}, {"key": "prior-month", "type": "definition", "offset": [1838, 1849]}, {"key": "calculation-of-the-average", "type": "clause", "offset": [1870, 1896]}, {"key": "this-agreement", "type": "clause", "offset": [1994, 2008]}, {"key": "paid-in-full", "type": "definition", "offset": [2012, 2024]}], "snippet": "The FINANCE CHARGE (interest) is calculated at a monthly periodic rate deter- mined by dividing the applicable ANNUAL PERCENTAGE RATE by twelve. The ANNUAL PERCENTAGE RATE is subject to change quarterly. You have a 25 day grace period on your purchase balance and for new purchases if you pay the Total New Balance for purchases by the Payment Due Date on your last statement. You also have a 25 day grace period for new purchases if you did not have a purchase balance on your last statement. The grace period starts on the statement clos- ing date. If you do not pay the Total New Balance for purchases by the end of the grace period, A FINANCE CHARGE will be imposed on the unpaid purchase balance from the first day of the next billing cycle and on new purchases from the date they are posted to your account. A FINANCE CHARGE is imposed on cash advances, convenience checks, and balance transfers from the date they are posted to your account. Separate average daily balances are calculated for purchases and cash advances. The FINANCE CHARGE is calculated by multiply- ing the average daily balances by the monthly periodic rate. To get each average daily balance, the daily balances for purchases and cash advances for the billing cycle are added and the totals are divided by the number of days in the cycle. To get the daily balance for cash advances, new cash advances are added to the day's beginning balance and payments and credits are subtracted. To get the daily balance for purchases, new purchases are added to the day's beginning balance and payments and credits are subtracted; how- ever, new purchases are not added if you paid the Total New Balance for purchases on your last statement by the Payment Due Date or if you did not have a purchase balance on your last statement. Unpaid fees and finance charges from the prior month are included in the calculation of the average daily balance. A FINANCE CHARGE will continue to accrue on your account until what you owe under this Agreement is paid in full.", "samples": [{"hash": "8GSkL5JBxOG", "uri": "/contracts/8GSkL5JBxOG#finance-charge", "label": "Credit Agreement", "score": 33.9395599365, "published": true}, {"hash": "lvjH6A9mUBg", "uri": "/contracts/lvjH6A9mUBg#finance-charge", "label": "Credit Agreement", "score": 31.8683643341, "published": true}, {"hash": "iHeK2S5bsVw", "uri": "/contracts/iHeK2S5bsVw#finance-charge", "label": "Credit Agreement", "score": 29.61003685, "published": true}], "hash": "4e5e33c1d3ca8ba4a2daa844fe98751d", "id": 9}, {"size": 5, "snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [0, 14]}, {"key": "to-pay", "type": "clause", "offset": [65, 71]}, {"key": "periodic-rate-interest", "type": "definition", "offset": [157, 179]}, {"key": "account-balances", "type": "clause", "offset": [195, 211]}, {"key": "section-13", "type": "definition", "offset": [217, 227]}, {"key": "certain-transaction", "type": "clause", "offset": [236, 255]}, {"key": "based-fees", "type": "clause", "offset": [256, 266]}, {"key": "section-14", "type": "definition", "offset": [272, 282]}, {"key": "minimum-interest-charge", "type": "definition", "offset": [297, 320]}, {"key": "certain-circumstances", "type": "clause", "offset": [328, 349]}, {"key": "to-your-account", "type": "clause", "offset": [393, 408]}, {"key": "billing-period", "type": "clause", "offset": [417, 431]}, {"key": "account-opening-disclosures", "type": "clause", "offset": [528, 555]}], "snippet": "Subject to the exceptions and conditions stated below, you agree to pay a \u201cFinance Charge\u201d on your Account. The Finance Charge may include, as applicable, a periodic rate interest charge on your Account balances (see Section 13 below), certain transaction-based fees (see Section 14 below), and a minimum interest charge, under certain circumstances. A minimum interest charge will be charged to your Account for any Billing Period in which a Finance Charge is due. The amount of the minimum interest charge is set forth in the Account Opening Disclosures.", "samples": [{"hash": "jbuJJdo4i8k", "uri": "/contracts/jbuJJdo4i8k#finance-charge", "label": "Visa Cardholder Agreement", "score": 24.6116027832, "published": true}, {"hash": "bk5Hchb7yt9", "uri": "/contracts/bk5Hchb7yt9#finance-charge", "label": "Visa Cardholder Agreement", "score": 21.0971927643, "published": true}, {"hash": "awAWCKjYrMw", "uri": "/contracts/awAWCKjYrMw#finance-charge", "label": "Cardholder Agreement", "score": 21.0971927643, "published": true}], "hash": "35da6f32009391d2088f5a26bf0ebfd8", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdmaW5hbmNlLWNoYXJnZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 301, "children": [["cash-advances", "Cash Advances"], ["credit-purchases", "Credit Purchases"], ["balance-transfers", "Balance Transfers"], ["service-charge", "Service Charge"], ["interest", "Interest"]], "title": "Finance Charge", "parents": [["interpretive-provisions", "Interpretive Provisions"], ["the-receivables", "The Receivables"], ["representations-and-warranties-of-seller-as-to-the-receivables", "Representations and Warranties of Seller as to the Receivables"], ["charges-for-card-services", "Charges for Card Services"], ["representations-and-warranties-of-the-depositor", "Representations and Warranties of the Depositor"]], "id": "finance-charge", "related": [["excess-finance-charge-collections", "Excess Finance Charge Collections", "Excess <strong>Finance Charge</strong> Collections"], ["finance-charges", "Finance Charges", "<strong>Finance Charges</strong>"], ["allocations-of-finance-charge-collections", "Allocations of Finance Charge Collections", "Allocations of <strong>Finance Charge</strong> Collections"], ["maintenance-charges", "Maintenance Charges", "Maintenance Charges"], ["collateral-shortfalls", "Collateral Shortfalls", "Collateral Shortfalls"]], "related_snippets": [], "updated": "2025-07-24T06:49:05+00:00", "also_ask": ["What negotiation levers exist to adjust the finance charge rate or calculation method?", "Which essential components must be included to ensure the finance charge is enforceable?", "What are the most common legal pitfalls or ambiguities in finance charge clauses?", "How do finance charge provisions differ across jurisdictions or under different regulatory regimes?", "What factors do courts consider when determining the reasonableness and enforceability of a finance charge?"], "drafting_tip": "Specify the calculation method and applicable rate to ensure clarity; define payment terms to prevent disputes; state consequences of non-payment to encourage compliance.", "explanation": "A Finance Charge clause defines the additional cost imposed on a party for borrowing money or for late payment of amounts due under a contract. Typically, this clause specifies the interest rate or fee structure applied to outstanding balances, and may outline how and when these charges accrue, such as monthly or annually. Its core practical function is to incentivize timely payments and compensate the lender or service provider for the time value of money and the risk of delayed payment."}, "json": true, "cursor": ""}}