Sentences with phrase «principal purposes of the transaction»

Not exact matches

For purposes of this paragraph (b)(4), «prepayment penalty» means a charge imposed for paying all or part of a transaction's principal before the date on which the principal is due, other than a waived, bona fide third - party charge that the creditor imposes if the consumer prepays all of the transaction's principal sooner than 36 months after consummation.