Finance charge definition
Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.
Finance charge means the total of all interest, loan fees, interest on any loan fees financed by the lending institution, and other charges related to the cost of obtaining credit.
Finance charge means for each Monthly Period an interest amount equal to the Finance Charge Percentage of the average daily Account Balance outstanding during such Monthly Period.
Examples of Finance charge in a sentence
Finance charge of 1 ½% per month (18% annually) on accounts over 30 days, if collection is made by suit or otherwise.
More Definitions of Finance charge
Finance charge means the fee charged by the Firm to the Client for rolling a CFD Contract from one day to the next;
Finance charge means “finance charge” as defined in section 537.1301, subsection 21.
Finance charge means the cost of consumer credit as a dollar amount. It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as an incident to or a condition of the extension of credit. It does not include any charge of a type payable in a comparable cash transaction.
Finance charge in relation to any amount means interest on such amount at the rate of up to 25.9% per annum or such other rate as DBS may from time to time determine without notice, calculated on a daily basis, and subject to a minimum monthly interest of S$2.50 or such other sum as may be determined from time to time by DBS without notice.
Finance charge means the total cost of a conventional or cooperative apartment
Finance charge means all charges payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as an incident to or as a condition of the extension of credit. The finance charge shall be calculated as provided in rules and regulations adopted by the administrator pursuant to K.S.A. 16a-6-117, and amendments thereto.
Finance charge means the cost of financing as a dollar amount.