Truth-in-Lending Statement Clause Samples
The Truth-in-Lending Statement is a disclosure clause that requires lenders to provide borrowers with clear and accurate information about the costs and terms of a loan. This typically includes details such as the annual percentage rate (APR), total finance charges, payment schedule, and the total amount to be repaid over the life of the loan. By mandating transparency, this clause ensures that borrowers can make informed decisions and compare loan offers, thereby protecting consumers from hidden fees and misleading lending practices.
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Truth-in-Lending Statement. Customer hereby acknowledges receipt of a Truth-in-Lending disclosure statement. Subject to the Committed Facility Agreement (unless such agreement has been terminated or the commitment therein has expired), interest will be charged on any debit balances in the Accounts in accordance with the methods described in such statement or in any amendment or revision thereto which may be provided to Customer. Any debit balance which is not paid at the close of an interest period will be added to the opening balance for the next interest period.
Truth-in-Lending Statement. The City Party shall provide to Participant a truth in lending disclosure statement substantially in the form attached hereto as Exhibit “D” for each NSP Loan concurrently with the City Party’s approval of the Final Loan Package for the NSP Loan.
Truth-in-Lending Statement. Customer hereby acknowledges receipt of a Truth-in-Lending disclosure statement. Interest will be charged on any debit balances in the Accounts in accordance with the methods described in such statement or in any amendment or revision thereto which may be provided to Customer. Any debit balance which is not paid at the close of an interest period will be added to the opening balance for the next interest period.
Truth-in-Lending Statement. Customer hereby acknowledges receipt of Scotia’s Truth-in-Lending disclosure statement. Interest will be charged on any debit balances in any accounts in accordance with the methods described in such statement or in any amendment or revision thereto that may be provided to Customer. Any debit balance that is not paid at the close of an interest period will be added to the opening balance for the next interest period. Customer acknowledges that this Truth-in-Lending statement shall also be deemed to be the Truth-in-lending disclosure statement of any other Scotia Entity that is a registered U.S. broker-dealer, but only to the extent any such Scotia Entity has not provided Customer with a separate Truth-in-Lending statement.
Truth-in-Lending Statement. If Buyer is purchasing using financing provided by Seller, following is information about cost of financing and the terms of the Note and Deed of Trust: Annual Percentage Rate - The annual interest rate including service fees %. Amount Financed – Consists of the cash price less the down payment. $ . Total of Payments – The total amount you will pay in monthly installments $ . Finance Charge – The total cost of interest and service fees $ . Total Sales Price – The total purchase price including finance charges $ .
Truth-in-Lending Statement. The undersigned acknowledges receipt of your pamphlet, entitled "To Our Customers," which sets forth the terms and conditions under which interest and service charges will be applied.