APR Calculation Further Explained

 SB 898 instructs that an APR (annual percentage rate) must be calculated in accordance with the Truth in Lending Act (TILA) as applied on a federal level and in accordance with Regulation Z. Interestingly, Regulation Z is a law that protects consumers from misleading information when applying for credit.

https://grantphillipslaw.com/new-york-mca-laws-updated/

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