source:
  type: regulation
  id: tila-15usc-1605
  authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605 — Determination of finance charge
  description: 'TILA (Truth in Lending Act, 15 U.S.C.), §1605 Determination of finance charge. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: tila-15usc-1605-a
  canonical_id: tila-15usc-1605-a
  section: 15 U.S.C. §1605(a)
  description: 'Determination of finance charge — (a): (a) “Finance charge” defined Except as otherwise provided
    in this section, the amount of the finance charge in connection with any consumer credit transaction shall be
    determined as the sum of all charges, payable directly or indirectly by the person to whom the credit is extended,
    and imposed direc…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1605
    snapshot_id: 6f69f8638e50efa0
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:3a8fb82a8877db08e8a7ce96d03a41e65063e3cf4b2fb52c5c0aa8d41da659b4
    paragraph_quote: '(a) “Finance charge” defined Except as otherwise provided in this section, the amount of the
      finance charge in connection with any consumer credit transaction shall be determined as the sum of all charges,
      payable directly or indirectly by the person to whom the credit is extended, and imposed directly or indirectly
      by the creditor as an incident to the extension of credit . The finance charge does not include charges of
      a type payable in a comparable cash transaction. The finance charge shall not include fees and amounts imposed
      by third party closing agents (including settlement agents, attorneys, and escrow and title companies) if
      the creditor does not require the imposition of the charges or the services provided and does not retain the
      charges. Examples of charges which are included in the finance charge include any of the following types of
      charges which are applicable: (1) Interest, time price differential, and any amount payable under a point,
      discount, or other system or additional charges. (2) Service or carrying charge. (3) Loan fee, finder’s fee,
      or similar charge. (4) Fee for an investigation or credit report. (5) Premium or other charge for any guarantee
      or insurance protecting the creditor against the obligor’s default or other credit loss. (6) Borrower-paid
      mortgage broker fees, including fees paid directly to the broker or the lender (for delivery to the broker)
      whether such fees are paid in cash or financed.'
    drafter_attestation: Verbatim slice of 15 U.S.C. §1605 subsection (a) from Cornell LII snapshot 6f69f8638e50efa0;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1605-b
  canonical_id: tila-15usc-1605-b
  section: 15 U.S.C. §1605(b)
  description: 'Determination of finance charge — (b): (b) Life, accident, or health insurance premiums included
    in finance charge Charges or premiums for credit life, accident, or health insurance written in connection with
    any consumer credit transaction shall be included in the finance charges unless (1) the coverage of the debtor
    by the insurance is…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1605
    snapshot_id: 6f69f8638e50efa0
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:3a8fb82a8877db08e8a7ce96d03a41e65063e3cf4b2fb52c5c0aa8d41da659b4
    paragraph_quote: (b) Life, accident, or health insurance premiums included in finance charge Charges or premiums
      for credit life, accident, or health insurance written in connection with any consumer credit transaction
      shall be included in the finance charges unless (1) the coverage of the debtor by the insurance is not a factor
      in the approval by the creditor of the extension of credit , and this fact is clearly disclosed in writing
      to the person applying for or obtaining the extension of credit ; and (2) in order to obtain the insurance
      in connection with the extension of credit , the person to whom the credit is extended must give specific
      affirmative written indication of his desire to do so after written disclosure to him of the cost thereof.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1605 subsection (b) from Cornell LII snapshot 6f69f8638e50efa0;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1605-c
  canonical_id: tila-15usc-1605-c
  section: 15 U.S.C. §1605(c)
  description: 'Determination of finance charge — (c): (c) Property damage and liability insurance premiums included
    in finance charge Charges or premiums for insurance, written in connection with any consumer credit transaction,
    against loss of or damage to property or against liability arising out of the ownership or use of property,
    shall be included…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1605
    snapshot_id: 6f69f8638e50efa0
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:3a8fb82a8877db08e8a7ce96d03a41e65063e3cf4b2fb52c5c0aa8d41da659b4
    paragraph_quote: (c) Property damage and liability insurance premiums included in finance charge Charges or
      premiums for insurance, written in connection with any consumer credit transaction, against loss of or damage
      to property or against liability arising out of the ownership or use of property, shall be included in the
      finance charge unless a clear and specific statement in writing is furnished by the creditor to the person
      to whom the credit is extended, setting forth the cost of the insurance if obtained from or through the creditor,
      and stating that the person to whom the credit is extended may choose the person through which the insurance
      is to be obtained.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1605 subsection (c) from Cornell LII snapshot 6f69f8638e50efa0;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1605-d
  canonical_id: tila-15usc-1605-d
  section: 15 U.S.C. §1605(d)
  description: 'Determination of finance charge — (d): (d) Items exempted from computation of finance charge in
    all credit transactions If any of the following items is itemized and disclosed in accordance with the regulations
    of the Bureau in connection with any transaction, then the creditor need not include that item in the computation
    of the finance…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1605
    snapshot_id: 6f69f8638e50efa0
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:3a8fb82a8877db08e8a7ce96d03a41e65063e3cf4b2fb52c5c0aa8d41da659b4
    paragraph_quote: '(d) Items exempted from computation of finance charge in all credit transactions If any of
      the following items is itemized and disclosed in accordance with the regulations of the Bureau in connection
      with any transaction, then the creditor need not include that item in the computation of the finance charge
      with respect to that transaction: (1) Fees and charges prescribed by law which actually are or will be paid
      to public officials for determining the existence of or for perfecting or releasing or satisfying any security
      related to the credit transaction. (2) The premium payable for any insurance in lieu of perfecting any security
      interest otherwise required by the creditor in connection with the transaction, if the premium does not exceed
      the fees and charges described in paragraph (1) which would otherwise be payable. (3) Any tax levied on security
      instruments or on documents evidencing indebtedness if the payment of such taxes is a precondition for recording
      the instrument securing the evidence of indebtedness.'
    drafter_attestation: Verbatim slice of 15 U.S.C. §1605 subsection (d) from Cornell LII snapshot 6f69f8638e50efa0;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1605-e
  canonical_id: tila-15usc-1605-e
  section: 15 U.S.C. §1605(e)
  description: 'Determination of finance charge — (e): (e) Items exempted from computation of finance charge in
    extensions of credit secured by an interest in real property The following items, when charged in connection
    with any extension of credit secured by an interest in real property, shall not be included in the computation
    of the finance charge w…'
  type: dont
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1605
    snapshot_id: 6f69f8638e50efa0
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:3a8fb82a8877db08e8a7ce96d03a41e65063e3cf4b2fb52c5c0aa8d41da659b4
    paragraph_quote: '(e) Items exempted from computation of finance charge in extensions of credit secured by an
      interest in real property The following items, when charged in connection with any extension of credit secured
      by an interest in real property, shall not be included in the computation of the finance charge with respect
      to that transaction: (1) Fees or premiums for title examination, title insurance, or similar purposes. (2)
      Fees for preparation of loan-related documents. (3) Escrows for future payments of taxes and insurance. (4)
      Fees for notarizing deeds and other documents. (5) Appraisal fees, including fees related to any pest infestation
      or flood hazard inspections conducted prior to closing. (6) Credit reports.'
    drafter_attestation: Verbatim slice of 15 U.S.C. §1605 subsection (e) from Cornell LII snapshot 6f69f8638e50efa0;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1605-f
  canonical_id: tila-15usc-1605-f
  section: 15 U.S.C. §1605(f)
  description: 'Determination of finance charge — (f): (f) Tolerances for accuracy In connection with credit transactions
    not under an open end credit plan that are secured by real property or a dwelling, the disclosure of the finance
    charge and other disclosures affected by any finance charge— (1) shall be treated as being accurate for purposes
    of this…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1605
    snapshot_id: 6f69f8638e50efa0
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:3a8fb82a8877db08e8a7ce96d03a41e65063e3cf4b2fb52c5c0aa8d41da659b4
    paragraph_quote: (f) Tolerances for accuracy In connection with credit transactions not under an open end credit
      plan that are secured by real property or a dwelling, the disclosure of the finance charge and other disclosures
      affected by any finance charge— (1) shall be treated as being accurate for purposes of this subchapter if
      the amount disclosed as the finance charge — (A) does not vary from the actual finance charge by more than
      $100; or (B) is greater than the amount required to be disclosed under this subchapter; and (2) shall be treated
      as being accurate for purposes of section 1635 of this title if— (A) except as provided in subparagraph (B),
      the amount disclosed as the finance charge does not vary from the actual finance charge by more than an amount
      equal to one-half of one percent of the total amount of credit extended; or (B) in the case of a transaction,
      other than a mortgage referred to in section 1602(aa) [1] of this title, which—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1605 subsection (f) from Cornell LII snapshot 6f69f8638e50efa0;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1605-i
  canonical_id: tila-15usc-1605-i
  section: 15 U.S.C. §1605(i)
  description: 'Determination of finance charge — (i): (i) is a refinancing of the principal balance then due and
    any accrued and unpaid finance charges of a residential mortgage transaction as defined in section 1602(w) 1
    of this title, or is any subsequent refinancing of such a transaction; and (ii) does not provide any new consolidation
    or new advanc…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1605
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1605
    snapshot_id: 6f69f8638e50efa0
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:3a8fb82a8877db08e8a7ce96d03a41e65063e3cf4b2fb52c5c0aa8d41da659b4
    paragraph_quote: (i) is a refinancing of the principal balance then due and any accrued and unpaid finance charges
      of a residential mortgage transaction as defined in section 1602(w) 1 of this title, or is any subsequent
      refinancing of such a transaction; and (ii) does not provide any new consolidation or new advance; if the
      amount disclosed as the finance charge does not vary from the actual finance charge by more than an amount
      equal to one percent of the total amount of credit extended. ( Pub. L. 90–321, title I, § 106 , May 29, 1968
      , 82 Stat. 148 ; Pub. L. 96–221, title VI § 606, Mar. 31, 1980 , 94 Stat. 170 ; Pub. L. 104–29 , §§ 2(a),
      (b)(1), (c)–(e), 3(a), Sept. 30, 1995 , 109 Stat. 271 , 272; Pub. L. 111–203, title X, § 1100A(2) , July 21,
      2010 , 124 Stat. 2107 .) [1] See References in Text note below.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1605 subsection (i) from Cornell LII snapshot 6f69f8638e50efa0;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
