The Cost of Personal Borrowing in the United States
The Cost of Personal Borrowing in the United States (COPB) is a subscription service that summarizes over 400 different lending statutes and regulations.
Each state also has a listing of published prima facie Credit Life and Accident & Health insurance rates. The insurance also contains pertinent information such as when a discount for interest and mortality must be applied and any regulatory limitations on terms and amounts.
COPB also serves as a primer on consumer lending math with sections on classes of lending, interest rate calculations, Truth-in-Lending disclosure requirements, and rebate calculations and methods.
Carleton monitors state and federal regulatory changes from a plethora of different financial service associations, legal firms and government agencies to ensure their software is always in compliance and the updates their clients receive to their COPB subscription will ensure that they are comprehensive and complete.
The Cost of Personal Borrowing in the United States- Table of Contents
Chapter 1: Summary of Federal Truth-in-Lending Act
Chapter 2: Methods of Computing Interest Charges
Chapter 3: Classes of Loans and Lenders
Chapter 4: The Uniform Consumer Credit Code (UCCC)
Chapter 5: Prepayment and Rebates
Chapter 6: Credit Insurance Premium Calculation
Chapter 7: Credit Sale/Auto Summary of State Late Charge Maximums
Chapter 8: Mortgage Lending Overview
Chapter 9: Examination of the States
- Summary of lending laws
- Published prima facie rates for life and A&H
- Maximum Charge table pages
Chapter 10: Financial Charge Tables
- This section contains an extensive and useful assortment of interest charge and conversion tables
- Includes add-on to simple interest tables, simple interest to add-on interest, and actuarial interest maximum charges