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Interpret Core Credit Contract Terms
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DSST
DSSTPF.024 Interpret Core Credit Contract Terms
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At maturity, a contract requires the final scheduled payment plus any unpaid fees and accrued interest. What should the borrower expect at maturity?
A
Only the original application date matters
B
No finance charge can ever be due
C
The late fee automatically becomes principal for no reason
D
The final amount due may include more than the regular installment if charges remain unpaid
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