§ 1026.14 Determination of annual percentage rate.
If the finance charge imposed during the billing cycle is or includes a charge relating to a specific
- 1026 (Regulation Z)
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If the finance charge imposed during the billing cycle is or includes a charge relating to a specific
A charge imposed in connection with a credit feature on a checking or transaction account (other than
simply retains a fee as a sort of “self-insurance” against nonfiling, it may not be excluded from the finance
A total finance charge amount for the plan is not required.
Costs and charges to consumer - relation to finance charge.
The amount of any charge other than a finance charge that may be imposed as part of the plan, or an explanation
charge under § 1026.4, the discount or other item is a prepaid finance charge to the extent the
If a finance charge that is posted to the account relates to activity for which a finance charge was
When no payment is made, or when the payment is insufficient to pay the accumulated finance charge, the
(b) Examples of finance charges.
(i) A statement of when finance charges begin to accrue, including an explanation of whether or not any
Models G-10(A) and G-17(A) contain two alternative headings (“Minimum Interest Charge” and “Minimum Charge
creditor requires the use of a closing agent, fees charged by the closing agent are included in the finance
If the finance charge is computed on the balance each day by application of one or more daily periodic
When finance charges accrue.
Taxes and filing or notary fees excluded from the finance charge under § 1026.4(e).
Relation to the finance charge.
Prepaid finance charge.
If a lump sum charged for several services includes a charge that is not excludable, a portion of the
A fee charged by a mortgage broker is excluded from the finance charge if it is the type of fee that
Rebate of finance charge.
An adjustment to the finance charge is made following the resolution of a billing error dispute.
The dollar amount of the finance charge or any portion of it includes statements such as:
Generally, a tax imposed by a state or other governmental body solely on a creditor is a finance charge
When a finance charge error results in a misstatement of the amount financed, or some other dollar amount