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Difference between revisions of "Interest and the Cost of Borrowing Money"
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Interest and the Cost of Borrowing Money (view source)
Revision as of 19:20, 19 September 2018
, 19:20, 19 September 2018no edit summary
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If a fixed credit agreement has scheduled payments, the disclosure must include the total cost of credit. In the case of a lease covered by Part 5 of the ''Business Practices'' and ''Consumer Protection Act'', the statement must disclose the total lease cost. Part 5 of the Act also sets out disclosure requirements for floating rate credit agreements, and amendments or renewals of credit agreements. | If a fixed credit agreement has scheduled payments, the disclosure must include the total cost of credit. In the case of a lease covered by Part 5 of the ''Business Practices'' and ''Consumer Protection Act'', the statement must disclose the total lease cost. Part 5 of the Act also sets out disclosure requirements for floating rate credit agreements, and amendments or renewals of credit agreements. | ||
== Related topics and materials== | |||
See the other sections on borrowing money: | See the other sections on borrowing money: | ||
* Types of Lenders and Creditors
| * Types of Lenders and Creditors
| ||