Examples of Amount Financed in a sentence
Test 3.3(f) – 4: Fees and Additional Products Observe the fees, if any, included in the "Itemization of Amount Financed" section of the Contract and confirm they do not exceed the limits stated in the applicable Ford Credit procedure.
Test 3.3(h) – 5: Amount Financed Observe the "Itemization of Amount Financed" section of the Contract and confirm each line with a "$," is completed.
Calculate the APR, using "Amount Financed," "Number of Payments," first payment due date, and "Amount of Payments" from the "Federal Truth-in-Lending Disclosures" box and the date of the Contract and confirm it matches the APR disclosed or confirm any difference is within the legal tolerance of 0.125 percent.
Calculate "Amount Financed" using the dollar amounts in the "Itemization of Amount Financed" section of the Contract and confirm it matches "Amount Financed" in the "Federal Truth-in-Lending Disclosures" box of the Contract.
The Receivable provides for level monthly payments in U.S. dollars that fully amortize the Amount Financed by its stated maturity and yield interest at the Annual Percentage Rate and applies a simple interest method of allocating a fixed payment to principal and interest.