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FEDERAL DISCLOSURE REQUIREMENTS
Regulation B in Federal Law prohibits the consideration
of Age, Sex, Race, Ethnicity, Gender, National Origin, or Handicap as
a basis for making anyone a loan (as in our Payday Loan Program).
200Cash.com, Inc., through its website does not discriminate based on
any of these factors. In addition 200Cash.com, Inc. will not enter
into or maintain vendor/reciprocal information service type
relationships with anyone who does not conform to these
anti-discriminatory practices.
Regulation Z in Federal Law requires the full disclosure of all costs
and terms associated with any credit purchase or transaction (such as
this Payday Loan) and further requires that the costs associated with
the transaction be expressed as an annual percentage rate of interest
or A.P.R. Below all costs, terms and rates associated with the
200Cash.com, Inc. Payday Loan program are given.
Federal Truth in Lending Act (T.I.L.A.)
200Cash.com, Inc. Terms and Conditions
|
Payday
Loan Amount
(Amount
Financed)
|
Payday
Loan Fee
(Finance
Charge)
|
Total
of Advance Transactions
(Total
of Payments)
|
Term
of Cash
Advance
|
Annual
Percentage Rate
(A.P.R.)
|
|
1
|
2
|
3
|
4
|
5
|
|
$200.00
|
$60.00
|
$260.00
|
Due
on your nearest payday (maximum of 15 days)
|
See
Next
Table
|
1) Payday Loan Amount - This
is the Amount Financed- The amount of
Payday Loan provided to you.
2) Payday Loan Fee - This is the
Finance Charge – The dollar amount the Payday Loan will cost you.
3) Total of Advance Transaction
– The amount you will have to pay after you have made payment as
scheduled.
4) Term – This is when the
Payday Loan total payment is due.
5) Annual Percentage Rate -The
cost of your advance as a yearly rate.
*Annual Percentage Rate
|
Days used
|
3
|
4
|
5
|
6
|
7
|
8
|
|
APR
For $200
|
3042
|
2281
|
1825
|
1521
|
1304
|
1141
|
|
Days used
|
9
|
10
|
11
|
12
|
13
|
14
|
15
|
|
APR
For $200
|
1014
|
913
|
830
|
760
|
702
|
652
|
608
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