Common use of TRUTH IN LENDING DISCLOSURES Clause in Contracts

TRUTH IN LENDING DISCLOSURES. Fees Cash Advance Fee For each Cash Advance requested If you pay us Bi-weekly or Semi- Monthly, your Cash Advance Fee will be: If you pay us Monthly, your Cash Advance Fee will be: 5% 10% of the Cash Advance requested Minimum Charge If your “Principal Balance on Which Minimum Charge is Calculated” appearing on your periodic statement at the end of the Billing Cycle is: If you pay us Bi-weekly or Semi-Monthly, your Minimum Charge will be: If you pay us Monthly, your Minimum Charge will be: How We Will Calculate Your Balance: Your Principal Balance on Which Minimum Charge is Calculated for a Billing Cycle is determined by taking the outstanding Principal Balance you owed at the end of the previous Billing Cycle and subtracting any principal payments received during the present Billing Cycle. See Section VI of this Agreement for more details.

Appears in 2 contracts

Sources: Elastic Credit Agreement, Elastic Credit Agreement