The finance charge may include which of the following:
A)Interest costs
B)Service charges
C)Credit-related insurance premiums
D)Appraisal fees
E)All of these

Question

Quizplus · Accepted Answer

The finance charge on a loan can include a variety of costs associated with borrowing, not just the interest. This includes service charges, credit-related insurance premiums, and appraisal fees, among others. Therefore, all the options listed (interest costs, service charges, credit-related insurance premiums, and appraisal fees) are components that can be included in the finance charge.

The Finance Charge May Include Which of the Following