Thinking yes, but just need some validation...my brain checked out about 3 hours ago.


Lease Processing Fee payable to leaseholder
Prorated Lease payable to leaseholder

APR fees...yes?

You might be the best person to figure that out, using the definition of a finance charge.

"It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as an incident to or a condition of the extension of credit. It does not include any charge of a type payable in a comparable cash transaction."

If the fee would occur in a comparable cash transaction, then No.
If it is unique to getting credit, then Yes.

If these are fees paid to the leaseholder, how could they be finance charges?

Thank you both!

If you look at something all day, your mind plays tricks on you.