The APR tool helps financial institutions verify the finance charge and APR required to be disclosed by Truth in Lending (Regulation Z). It also verifies the APR for unsecured and secured installment and construction loans. Finally, the APR tool can verify the Military Annual Percentage Rate (MAPR) for the Military Lending Act and the APY required to be disclosed by Truth in Savings. It can also be used for disclosures, advertisements and periodic statements.
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