Credit-related ancillary product sold Fee for a credit-related ancillary product sold in connection with the credit transaction. Debt suspension Fee for a debt suspension agreement. Debt cancellation Fee for a debt cancellation contract. These fees can include:Ĭredit insurance Fee for credit insurance. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums fees for ancillary products sold in connection with the credit transaction any application fee charged (other than certain application fees for specified credit transactions or accounts) and any participation fee charged (other than certain participation fees for a credit card account). In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percent-age rate of 36 percent. Quickest and easiest way to determine a MAPR and to print a Statement of MAPR.įederal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. MAPR Calculator with Statement of MAPR (Short Version) Use this calculator to determine a MAPR and to print a Statement of MAPR. Use this calculator to find the Military Annual Percentage Rate (MAPR) on a open-end loan such as a credit card or revolving credit.
Use this calculator to determine a MAPR for loans with GAP insurance and to print a Statement of MAPR. Use this calculator to determine a Miltary Annual Percentage Rate (MAPR) for a closed-end loan where you know the fixed monthly payment. MAPR Calculator for Closed-End Loans with Known Monthly Payment Use this calculator to find the Military Annual Percentage Rate (MAPR) on a closed-end loan where you don't know the monthly payment.
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