Legal Definition and Related Resources of Finance Charge

A service agreement or membership fee imposed as a condition before credit is extended; the charge must be payable directly or indirectly by person to whom credit is extended. If the charge if paid solely by the creditor and absorbed as a cost of doing business it is not a finance charge. Jennings v Edwards, (D.C.N.C. 454 F. Supp. 770.

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Finance Charge in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Finance Charge in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Finance Charge in the Legal Abbreviations and Acronyms Dictionary.

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