Credit service charge definition

Credit service charge means the amount, however expressed, which the retail buyer contracts to pay or pays the retail seller in excess of the amount of credit extended, representing the total charges by the retail seller incident to investigating and extending credit under a revolving charge agreement and for extending to the retail buyer the privilege of paying over a period of time therefor.

Credit service charge means the sum of:

Credit service charge means the sum of (1) all charges payable directly or indirectly by the buyer and imposed directly or indirectly by the seller as an incident to the extension of credit, including any of the following types of charges which are applicable: time price differential, service, carrying or other charge, however denominated, premium or other charge for any guarantee or insurance protecting the seller against the buyer’s default or other credit loss; and, except as otherwise provided in this section, (2) charges incurred for investigating the collateral or creditworthiness of the buyer or for commissions or brokerage for obtaining the credit, irrespective of the person to whom the charges are paid or payable, unless the seller had no notice of the charges when the credit was granted. The term does not include charges as a result of default, additional charges (Section 37‑2‑202), delinquency charges (Section 37‑2‑203), deferral charges (Section 37‑2‑204), or in a consumer credit sale which is secured in whole or in part by a first or junior lien or real estate, charges incurred for appraising the real estate that is collateral for the credit sale, if not paid to the creditor or a person related to the creditor.

Examples of Credit service charge in a sentence

• Credit service charge for consumer credit sales other than revolving charge accounts.

• Credit service charge" means the amount, however expressed, which the retail buyer contracts to pay or pays the retail seller in excess of thecashsale price of personal property amount of credit extended, representing the total charges by the retail seller incident to investigating and making a retail installment sale extending credit under a revolving charge agreement and for extending to the retail buyer the privilege of paying in installments over a period of time therefor.

• Credit service charge for revolving charge accounts.(d) Notwithstanding subsection (c) of this section, if there is an unpaid balance on the date as of which the credit service charge is applied, the seller may contract for and receive a charge in accordance with this subsection.

• Credit service charge" means the amount, however expressed, which the retail buyer contracts to pay or pays the retail seller in excess of thecash sale price of personalproperty amount of credit extended, representing the total charges by the retail seller incident to investigating and making a retail installment sale extending credit under a revolving charge agreement and for extending to the retail buyer the privilege of paying in installments over a period of time therefor.

• Credit service charge" means the amount, however expressed, which the retail buyer contracts to pay or pays the retail seller in excess of thecash salepriceof personalproperty a mount of credit extended, representing the total charges by the retail seller incident to investigating and making a retail installment sale extending credit under a revolving charge agreement and for extending to the retail buyer the privilege of paying in installments over a period of time therefor.

• Maximum Charges) IC 24-4.5-2-201 Credit service charge for consumer credit sales other than revolving charge accountsSec.

• Sometimes, the HO determined the form, dose, route and frequency.

• Credit service charge does not include:(v) A discount not in excess of five percent (5%) offered by a seller for purposes of inducing payment by cash, check or other means not involving the use of a seller or lender credit card, if the discount is offered to all prospective buyers and its availability is disclosed clearly and conspicuously in accordance with regulations ofthe administrator the federal Consumer Credit Protection Act, P.L. 90-321, 82 Stat.

• Credit service charge on refinancing.‌ With respect to a consumer credit sale, refinancing, or consolidation, the seller may by agreement with the buyer refinance the unpaid balance and may contract for and receive a credit service charge based on the amount financed resulting from the refinancing at a rate not exceeding that permitted by the provisions on credit service charge for consumer credit sales (Section 2-201).

• Credit service charge for other sales.56 With respect to a sale other than a consumer credit sale or7 a consumer related sale, the parties may contract for the8 payment by the buyer of any credit service charge.910 40-14-303.

More Definitions of Credit service charge

Credit service charge means the sum of the following:

Credit service charge means the amount, however expressed, which the retail

Credit service charge means a finance charge composed of the sum of

Credit service charge means that amount by which the time sales price exceeds the aggregate of the cash price and the amounts specifically included for official fees and, if a separate charge is made therefor, the amount included for insurance and other benefits as provided in paragraph (4) of subsection (a) of section 6 of P.L.1960, c.41 (C.17:16C-67);