The Military Annual Percentage Rate (MAPR) is considered more accurate than the Truth in Lending Act (TILA) APR for measuring the cost of open-end credit because it includes interest, fees, credit insurance charges, and other add-on charges.

Authors

• Person: Not available Organization: National Consumer Law Center
  Predatory Installment Lending in the States: How Well Do ... - NCLC

Sources

• Predatory Installment Lending in the States: How Well Do ... - NCLC www.nclc.org National Consumer Law Center via serper

Referenced by nodes (1)

• Truth in Lending Act concept