Law Dictionary

To search for a particular term please use the following search box.

finance charges

all charges that the borrower pays for the use of funds including interest, fees and other charges paid directly for the use of credit, or indirectly as a condition for the extension of credit. Finance charges must be included on truth-in-lending disclosure statements as the total dollar amount paid for the use of borrowed money.

Source : U.S. Department of the Treasury

Language : English

Return

Return to Law Dictionary Index