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#2236043 - 05/01/20 03:08 PM Dealer Doc Fees
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
My understanding is that this would apply in a cash or financed transaction. Therefore it should be exempt from ppfc unless there is some overriding State Law. Non ppfc??
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#2236045 - 05/01/20 03:19 PM Re: Dealer Doc Fees RR Joker
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,935
Galveston, TX
Correct, if it is the same regardless of a loan or cash purchase.

1026.4(a) Definition. The finance charge is the cost of consumer credit as a dollar amount. 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.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2236091 - 05/04/20 02:26 PM Re: Dealer Doc Fees RR Joker
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
Right, was just wondering about some weird state law overriding Z based on an answer I got recently. Before I totally argue the point.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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