| The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account’s APR. Source: FDIC |
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Arizona |
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means the measure of the cost of credit, expressed as a yearly rate, that relates the amount and timing of value received by the consumer to the amount and timing of payments made, determined in accordance with the truth in lending act Arizona Laws 6-601 |
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Hawaii |
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means an annual percentage rate as determined pursuant to section 107 of the Truth in Lending Act, title 15 United States Code § 1606 Hawaii Revised Statutes 480J-1 |
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Michigan |
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means that term as defined in and determined under the truth in lending act, 15 USC 1601 to 1667f Michigan Laws 445.1601 |
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means the rate as computed under the federal truth in lending act, 15 USC 1601 to 1667f Michigan Laws 446.113 |
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Rhode Island |
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means the annual percentage rate for the loan calculated according to the provisions of Rhode Island General Laws 34-25.2-4 |
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Tennessee |
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means the annual percentage rate for the loan calculated according to the federal Truth-in-Lending Act (15 U Tennessee Code 45-20-102 |
