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Irregular first payment and disclosure

Authors :
Hood, Bill
Source :
ABA Banking Journal. February 2006, Vol. 98 Issue 2, p66, 1 p.
Publication Year :
2006

Abstract

Q. Do closed-end loans with irregular first payments have to have the irregular day's interest included in the Annual Percentage Rate (APR)? A. Yes, but the creditor has a choice. [...]

Details

Language :
English
ISSN :
01945947
Volume :
98
Issue :
2
Database :
Gale General OneFile
Journal :
ABA Banking Journal
Publication Type :
Periodical
Accession number :
edsgcl.142300053