§ 1026.20 Disclosure requirements regarding post-consummation events.
If the finance charge originally imposed on the existing obligation was an add-on or discount finance
- 1026 (Regulation Z)
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If the finance charge originally imposed on the existing obligation was an add-on or discount finance
If the consumer is required to repay more than the amount borrowed, the difference is a finance charge
The finance charge includes fees and amounts charged by someone other than the creditor, unless otherwise
(1) By dividing the total finance charge by the average of the daily balances and multiplying the quotient
method, at the end of each payment period, the unpaid balance of the amount financed is increased by the finance
the $20,000 cash price, an additional $500 financed under § 1026.18(b)(2), and the amount of the finance
In the last example, the $1,000 prepaid finance charge can be readily determined from the information
Accrued finance charges allocated from payments.
Accrued finance charges allocated from payments.
Accrued finance charges allocated from payments.
Premiums for credit life, accident, health, or loss-of-income insurance may be excluded from the finance
or to be received by the consumer on deposits or investments shall not be deducted in computing the finance
(6) Amount of finance charge and other charges.
a dollar amount, and the following statement: “The loan amount available after paying your upfront finance
No finance charge is imposed on the subsidy amount, and that amount is due in a lump-sum payment on a
The finance charge is the cost of consumer credit as a dollar amount.
Late payment charges can be excluded from the finance charge under § 1026.4(c)(2) whether or not
If debt cancellation or debt suspension coverage for two or more events is provided at a single charge
(4) If the finance charge imposed during the billing cycle is or includes a minimum, fixed, or other
An application fee that is excluded from the finance charge is a charge to recover the costs associated
Fees for required insurance not of the types described in § 1026.4(b)(7) and (b)(8) are finance
Any portion of the finance charge, such as statutory interest, that is attributable to the interim period
Premiums for credit life insurance, shown as an example of a finance charge under § 1026.4(b)(7)
If a finance charge is computed on the balance each day by application of one or more daily periodic
Small finance charges.