Oswald Applied for a Loan from Pointe Lenders

question 27

True/False

Oswald applied for a loan from Pointe Lenders. Pointe's reasonable cost of checking Oswald's credit will be considered as part of the financing charge when determining whether Pointe's rate of interest exceeds that allowable under the usury statute.

---

Definitions:

Informed Consent

A process ensuring that a person fully understands the details and implications before agreeing to participate in any procedure or treatment.

Elementary School

An institution for providing child education that comes after preschool and before secondary school, typically for children from the ages of 5 to 11.

Advanced College

An institution of higher education offering undergraduate and postgraduate studies beyond the standard college level.

High School

An educational institution that provides secondary education, typically for students aged 14 to 18, as a bridge between primary education and higher education or the workforce.