Charges for a service policy, auto club membership, or policy of insurance against latent defects offered to or required of both cash and credit customers for the same price. This is the case even if an individual must pay cash to obtain the discount, provided that credit customers who are members of the group and do not qualify for the discount pay no more than the nonmember cash customers.ĭ. Discounts available to a particular group of consumers because they meet certain criteria, such as being members of an organization or having accounts at a particular financial institution. Discounts that are available to cash and credit customers, such as quantity discounts.Ĭ. Taxes, license fees, or registration fees paid by both cash and credit customers.ī. For example, the following items are not finance charges:Ī. A creditor financing the sale of property or services may compare charges with those payable in a similar cash transaction by the seller of the property or service. In determining whether an item is a finance charge, the creditor should compare the credit transaction in question with a similar cash transaction. Charges imposed uniformly in cash and credit transactions are not finance charges. 2023 BSA/AML Top Gun Conference ON-DEMANDġ.2023 Lending Compliance Triage Conference.2023 Operations Compliance Triage Conference.