Definition of (7) INITIAL PAYMENT.—The term


(7) INITIAL PAYMENT.—The term initial payment’ means the amount to be paid be- fore or at the time of consummation of the agreement, or the time of delivery of the property covered by the agreement if deliv- ery occurs after consummation, including—


(7) INITIAL PAYMENT.—The term initial payment’ means the amount to be paid before or at the consummation of the agreement or the delivery of the property if delivery occurs after consummation, including the rental payment; service, processing, or administrative charges; delivery fee; refundable security deposit; taxes; mandatory fees or charges; and any optional fees or charges agreed to by the consumer.