Encyclopedia

The total cost of consumer credit


The total cost of a consumer loan is determined both in annual percentage rate and in monetary terms, and is calculated in accordance with the procedure established by this Federal law1.

  1. Federal Law No. 353-FZ dated December 21, 2013 "On Consumer Credit (Loan)". 2013, as amended on July 3, 2022, Article 6, paragraph 1. ↩

Laws with commentary

Codes and federal laws