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

  • Application of Reallocated Investor Finance Charge Collections 1.

  • Loan Holder reserves the right to amend this Agreement to assess a Finance Charge on your advances, where permitted by law, subject to Section 14 below.

  • For purposes of this Agreement, the term "Finance Charge" refers collectively to the fees, charges, and interest specified in the accompanying Truth In Lending Disclosure.

  • Loan Holder does not assess interest or a Finance Charge at this time.

  • Total Finance Charge: $2,890.882 (The dollar amount the credit will cost you) If you borrow: 36 $5,000 M on th ly Payments In a range of $158.932 and $173.842 depending on level of optional OUR Payment Protection selected.


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 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 sum of all charges, payable directly or indirectly by the customer as an incident to or as a con- dition of the extension of credit, whether paid or payable by the customer, the creditor or any other person on behalf of the cus- tomer to the creditor or to a 3rd party unless the creditor had no notice or knowledge of the charges paid or payable to the 3rd party. The term does not include any charge with respect to a motor vehicle consumer lease. The term includes the following types of charges to the extent they are not permitted additional charges under s. 422.202, delinquency charges under s. 422.203 or deferral charges under s. 422.204:
Finance charge means “finance charge” as defined in section 537.1301, subsection 21.
Finance charge means that part of the time sale price by which it exceeds the aggregate of the cash sale price, the amount, if any, included for insurance and other benefits and official fees included in the retail installment sale;
Finance charge means, with respect to any Receivable, any interest, finance charges or other similar charges payable at any time by an Obligor in connection with such Receivable not having been paid on the due date thereof.