(1) Loans will probably be repayable in considerably equal and consecutive monthly payments of principal and interest combined, except that the very first installment duration may go beyond 30 days by no more than fifteen times, therefore the very very first installment payment quantity can be bigger than the rest of the re re re payments because of the number of interest charged for the additional times; and supplied further that month-to-month installment payment dates could be omitted to support borrowers with regular earnings.
Re re Payments might be used towards the combined total of major and precomputed interest until readiness associated with loan.
(2) A licensee may charge interest following the initial or deferred maturity of a loan that is precomputed the price or prices supplied in unit (A) with this part on all unpaid principal balances when it comes to time outstanding.
(3) When any loan agreement is compensated in complete by cash, renewal, refinancing, or even a loan that is new a month or maybe more prior to the last installment deadline, the licensee shall refund, or credit the debtor with, the sum total for the relevant prices for all completely unexpired installment durations, as originally scheduled or as deferred, that follow the afternoon of prepayment. The nearest scheduled installment due date shall be used in such computation if the prepayment is made other than on a scheduled installment installment due date. Pokračování textu Pertaining to precomputed loans: