 The balance on which the finance charge was computed and a statement of how the balance was determined. If the balance is determined without first deducting all credits during the period, that fact and the amount of such payments shall also be disclosed.  The Impact of Credit Cards on Small Business: Hearings, Ninety-first ... - Page 135by United States. Congress. House. Select Committee on Small Business. Subcommittee on Special Small Business Problems - 1970 - 475 pagesFull view - About this book
 | 1971 - 600 pages
...credit accounts. (a) Section 226.7 (b) (8) requires that periodic statements for open end accounts shall disclose, among other things, "The balance on which...finance charge was computed, and a statement of how that balance was determined." In some instances, creditors compute a finance charge on the average... | |
 | 1979 - 1240 pages
...credit accounts. (a) Section 226.7(b)(8) requires that periodic statements for open end accounts shall disclose, among other things, "The balance on which...finance charge was computed, and a statement of how that balance was determined." In some instances, creditors compute a finance charge on the average... | |
 | 1981 - 1486 pages
...request an official interpretation of §226.7(b)(l)(viii) of Regulation Z which requires disclosure of "the balance on which the finance charge was computed and a statement of how that balance was determined." Your clients are open end credit card issuers that are considering adopting... | |
 | United States. Office of the Comptroller of the Currency - 1966 - 480 pages
...return (or the projected rate) under the plan as prescribed in subsection (a) (5) of this section. (8) The balance on which the finance charge was computed...determined without first deducting all credits during the period, that fact and the amount of such payments shall also be disclosed. (9) The outstanding balance... | |
 | United States. Congress. House. Committee on the District of Columbia - 1968 - 190 pages
...percentage rate of return (or the projected rate) under the plan as prescribed in subsection (a) (5). (8) The balance on which the finance charge was computed...determined without first deducting all credits during the period, that fact and the amount of such payments shall also IKS disclosed. «<-«« O - M - 2 Pub.... | |
 | United States. Congress. Senate. District of Columbia - 1968 - 308 pages
...application of a percentage rate and the amount, if any, imposed as a minimum or fixed charge; (e) the balance on which the finance charge was computed...and a statement of how the balance was determined; (f) the rate, if any, used in computing the finance charge and the equivalent annual percentage rate;... | |
 | United States. Congress. House. Select Committee on Small Business - 1969 - 1252 pages
...imposed, a statement setting forth each of the following items to the extent applicable : ***** * * "(8) The balance on which the finance charge was computed...determined without first deducting all credits during the period, that fact and the amount of such payments shall also be disclosed. . . ." Mr. ADDABBO. Governor,... | |
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