Annual Percentage Rate. Each Receivable has an APR of at least 0.00% and not more than 12.00%. - Contract - Data Tape (i) Confirm the Annual Percentage Rate (APR) as stated within the “Federal Truth-In-Lending Disclosures” section of the Contract does not exceed the maximum allowable APR. (ii) If section (i) is confirmed, then Test Pass.
Appears in 5 contracts
Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2023-1)
Annual Percentage Rate. Each Receivable has an APR of at least 0.00% and not more than 12.00[●]%. - Contract - Data Tape
(i) Confirm the Annual Percentage Rate (APR) as stated within the “Federal Truth-In-Lending Disclosures” section of the Contract does not exceed the maximum allowable APR.
(ii) If section (i) is confirmed, then Test Pass.
Appears in 1 contract
Samples: Asset Representations Review Agreement (Daimler Retail Receivables LLC)
