Credit Fees means the credit fees payable as provided in Section 2.11.
Credit Fees means the credit fees payable as provided in Section 2.8.
Credit Fees means fees or charges payable by the debtor under the credit contract, or payable by the debtor to, or for the benefit of the creditor in connection with the credit contract, other than interest charges, charges for optional services, default fees or default interest charges and government charges, duties, taxes or levies. Establishment fees, prepayment fees and insurance premiums payable for credit-related insurance in some cases are credit fees. In determining whether an establishment fee is unreasonable the court must have regard to whether the fee is equal to or less than the reasonable costs of the creditor in connection with the application for credit, processing and considering the application, documenting the contract and advancing the credit, or whether those costs are equal to or less than the average costs for that category of credit contract. Prepayment fees will only be unreasonable where they exceed a reasonable estimate of the creditor's loss from the part or full prepayment of the contract. A formula for calculating reasonable credit fees on full prepayment is prescribed by regulations. Creditors can use the prescribed formula or may use another appropriate formula set out in the relevant consumer credit contract. Where the creditor uses the prescribed formula to calculate the fee on full prepayment, the fee will be treated by a court as a reasonable estimate of the creditor's loss. In determining whether other fees payable under Existing Contracts are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for costs incurred by the creditor and to the reasonable standards of commercial practice. For New Contracts, in determining whether other fees are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for any costs incurred by the creditor. In determining whether the fee reasonably compensates the creditor for any costs, the court must have regard to reasonable standards of commercial practice. Lender responsibility principles In relation to New Contracts, every lender must comply with the "lender responsibility principles". The lender responsibility principles set out lenders' responsibilities to borrowers and guarantors and generally require lenders to exercise the care, diligence and skill of a responsible lender when advertising, before agreeing to provide credit or taking guarantees, and in all subsequent dealings with borrowers and guarantors. The le...
Examples of Credit Fees in a sentence
The following will automatically be excluded from eligible basis: Land Costs, Syndication Costs, Tax Credit fees, Reserves, Appraisal fees, Tenant Relocation Fees and Permanent Financing Fees.
Such Letter of Credit fees shall be computed on a quarterly basis in arrears.
Credit fees will also be covered as required by the student’s university.
Credit fees and charges changes (1) Notification of credit fees and charges changes.
Commercial Letter of Credit fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
More Definitions of Credit Fees
Credit Fees. “Credit Limit”, “Daily Interest rate”, “Default Fees”, “Electronic”, “Electronic Communication”, “Full Prepayment”, “Part Prepayment”, “Unpaid Balance”, “Unpaid Daily Balance”, and “Working Day”;
Credit Fees. We may charge credit fees as specified in the Specific Terms. All such credit fees shall be payable on demand.
Credit Fees means the First Credit Fee and the Second Credit Fee.
Credit Fees means fees or charges payable by the debtor under the credit contract, or payable by the debtor to, or for the benefit of the creditor under the credit contract, other than interest charges, charges for optional services, default fees or default interest charges and government charges, duties, taxes or levies. Establishment fees and prepayment fees are credit fees. In determining whether an establishment fee is unreasonable the court must have regard to whether the fee is equal to or less than the reasonable costs of the creditor in connection with the application for credit, processing and considering the application, documenting the contract and advancing the credit, and whether those costs are equal to or less than the average costs for that category of credit contract. Credit fees on prepayment will only be unreasonable where they exceed a reasonable estimate of the creditor's loss from the part or full prepayment of the contract. A formula for calculating reasonable credit fees on full prepayment is prescribed by regulations. Creditors can use the prescribed formula or may use another appropriate formula set out in the relevant consumer credit contract. Where the creditor uses the prescribed formula to calculate the fee on full prepayment, the fee will be treated by a court as a reasonable estimate of the creditor's loss. In determining whether other fees are unreasonable, the court must have regard to whether the fee compensates the creditor for costs and losses incurred by the creditor and to the reasonable standards of commercial practice. The Credit Contracts and Financial Services Law Reform Bill (the Bill) was introduced to Parliament on 18 April 2013. If enacted, the Bill will introduce principles of responsible lending and a responsible lending code that elaborates the principles, and will also introduce a new test for unreasonableness and different tests for unreasonable credit fees and default fees. Banking Ombudsman Scheme BNZ is a participating bank under the Banking Ombudsman scheme which provides a free dispute resolution service for persons who want to resolve a complaint about a particular bank and who have not been able to resolve it by contacting that bank. Under the Banking Ombudsman Terms of Reference, the Banking Ombudsman is required to consider complaints relating to activities and transactions not exceeding the financial limit under its jurisdiction and facilitate the satisfaction, settlement or withdrawal of such claims having...
Credit Fees means fees or charges payable by the debtor under 20 a credit contract, or payable by the debtor to, or for the benefitof, the creditor in connection with a credit contract (including any insurance premiums payable if the creditor requires the debtor to obtain insurance cover from a particular insurer),and— 25
Credit Fees means the credit fees payable as providedin Section 2.8.
Credit Fees means fees or charges payable by the debtor under the credit contract, or payable by the debtor to, or for the benefit of the creditor in connection with the credit contract. It includes establishment fees, prepayment fees and insurance premiums payable for credit-related insurance in some cases. It does not include interest charges, charges for optional services, default fees or default interest charges and government charges, duties, taxes or levies. In determining whether an establishment fee is unreasonable the court must have regard to whether the fee is equal to or less than the reasonable costs of the creditor in connection with the application for credit, processing and considering the application, documenting the contract and advancing the credit or whether those costs are equal to or less than the average costs for that category of credit contract. Prepayment fees will only be unreasonable where they exceed a reasonable estimate of the creditor's loss from the part or full prepayment of the contract. A formula for calculating reasonable credit fees on full prepayment is prescribed by regulations. Creditors can use the prescribed formula or may use another appropriate formula set out in the relevant consumer credit contract. Where the creditor uses the prescribed formula to calculate the fee on full prepayment, the fee will be treated by a court as a reasonable estimate of the creditor's loss. In determining whether other fees payable under Existing Contracts are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for costs and losses incurred by the creditor and to the reasonable standards of commercial practice. For New Contracts, in determining whether other fees are unreasonable, the court must have regard to whether the fee reasonably compensates the creditor for costs (and, in the case of default fees only, losses) incurred by the creditor. In determining whether the fee reasonably compensates the creditor for costs (and, in the case of default fees only, losses) the court must have regard to reasonable standards of commercial practice. Lender responsibility principles In relation to New Contracts (and, in limited circumstances where there are variations or the customer is suffering unforeseen hardship, in relation to Existing Contracts), every lender must comply with the "lender responsibility principles". The lender responsibility principles set out lenders' responsibilities to borrowers and guar...