The ______ is the sum of all charges payable directly or indirectly by the debtor or someone else to the creditor as a condition of the extension of credit.

Question

Quizplus · Accepted Answer

The finance charge is the sum of all charges payable directly or indirectly by the debtor or someone else to the creditor as a condition of the extension of credit. Included in the finance charge are interest, service charges, loan fees, points, finder's fees, fees for appraisals, credit reports or investigations, and life and health insurance required as a condition of the loan.

The ______ Is the Sum of All Charges Payable Directly