Posted By: RR Joker
Dealer Doc Fees - 05/01/20 03:08 PM
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??
Posted By: rlcarey
Re: Dealer Doc Fees - 05/01/20 03:19 PM
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.
Posted By: RR Joker
Re: Dealer Doc Fees - 05/04/20 02:26 PM
Right, was just wondering about some weird state law overriding Z based on an answer I got recently. Before I totally argue the point.