![]() Finance Charge Receivables shall also include (a) the interest portion of Participation Interests as shall be determined pursuant to, and only if so provided in, the applicable Participation Interest Supplement or Series Supplement, (b) any amounts designated to be Finance Charge Receivables pursuant to Section 4.05, (c) all Recoveries with respect to Receivables previously charged off as uncollectible and (d) the Issuer Rate Fees received with respect to the related Monthly Period.įinance Charge Shortfall shall have the meaning specified in Section 4.09.įinance Charge Collections means Collections of Finance Charge Receivables. įinance Charge Receivables means all amounts billed to the Obligors on any Account in respect of (i) all Periodic Rate Finance Charges, (ii) Cash Advance Fees, (iii) annual membership fees and annual service charges, (iv) Late Fees, (v) Overlimit Fees, (vi) Discount Option Receivables, if any, and (vii) any other fees with respect to the Accounts designated by the Transferors at any time and from time to time to be included as Finance Charge Receivables provided, however, that after the Premium Option Date, Finance Charge Receivables on any Date of Processing shall mean the amount of Finance Charge Receivables as otherwise determined pursuant to this definition less the amount of Premium Option Receivables. We will give you prior notice of any change in the Monthly Finance Charge Rate for Retail Purchase and Cash Advance relevant to your Account, as required by the applicable laws.įinance charge means that term as defined in section 106 of the truth in lending act. We reserve the right to vary your Monthly Finance Charge Rate for Retail Purchase and Cash Advance upon reviewing your Account and repayment history from time to time. ![]() We will review your Account on a monthly basis for the preceding 12 months up to the current statement date, to determine the Monthly Finance Charge Rate applicable to your Account.- If you have no more than one missed payment during the preceding 12 month period, the Standard Rate will continue to apply to your Account.- If you have two missed payments during the preceding 12 month period, the Standard Rate will be increased by 2.80% per annum (approx. The equivalent APR will be 43.74%4 for Retail Purchases and 46.03%4 for Express Cash.(iii)We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws. The equivalent APR will be 42.58%4 for Retail Purchases and 44.83%4 for Express Cash.(iii)We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws. We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws. We will review your Account on a monthly basis for the preceding 12 months up to the current statement date, to determine the Monthly Finance Charge Rate applicable to your Account. The equivalent APR will be 43.74%4for Retail Purchases and 46.03%4for Express Cash.(iii)We will give you prior notice of any increase in the Monthly Finance Charge Rate applicable to your Account, as required by the applicable laws. We will review your Account on a monthly basis for the preceding 12 months up to the current statement date, to determine the Monthly Finance Charge Rate applicable to your Account.- If you have no more than one missed payment during the preceding 12 month period, the Standard Rate will continue to apply to your Account.- If you have two missed payments during the preceding 12 month period, the Standard Rate will be increased by 2.94% per annum (approx. In addition, Finance Charges at the prevailing Annual Finance Charge Rate for your Account will be charged on a daily basis on your Express Cash outstanding balance from the date of the advance until you repay it to your account in full. Examples of Finance Charge Rate in a sentence
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