Common use of Military Lending Act Clause in Contracts

Military Lending Act. The provisions of this section apply to members of the Armed Forces and their dependents pursuant to the Military Lending Act: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36%. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specific credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).

Military Lending Act. The provisions of this section only apply to certain members of the Armed Forces and their dependents pursuant to the Military Lending Act: dependents. Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36%36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specific specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). You may also call 0-000-000-0000 to receive this disclosure and general payment information orally.

Military Lending Act. The provisions of this section paragraph apply to members of the Armed Forces and their dependents pursuant to the Military Lending Act: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36%. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specific credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).

Military Lending Act. The provisions of this section apply to members of the Armed Forces and their dependents pursuant to the Military Lending Act: Federal law Act provides important protections to certain members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her any dependent thereof may not exceed an annual percentage rate APR of thirty-six percent (36%). This rate must include, as applicable to the credit transaction or account: The (i) the costs associated with credit insurance premiums; fees (ii) Fees for ancillary products sold in connection with the credit transaction; (iii) any application fee Fee charged (other than certain application fees Fees for specific specified credit transactions or accounts); and (iv) any participation fee Fee charged (other than certain participation fees Fees for a credit card account). In order to hear important Military Lending Act disclosures and payment information provided in this Agreement orally, please call (000) 000-0000.

Military Lending Act. The provisions of this section only apply to certain members of the Armed Forces and their dependents pursuant to the Military Lending Act: dependents. Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate APR of 36%36 percent. This rate must include, as applicable to the credit transaction or account: The the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specific specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).