Truth in Lending: 3.6.5.1 General
TILA and Regulation Z provide that any charge of a type payable in a comparable cash transaction is not considered a finance charge.252 This statement can be viewed as mere surplusage because any charge that is payable in both cash and credit transactions is not imposed “as an incident to or a condition of the extension of credit.”253 The official interpretations compare cash and credit transactions, noting that charges imposed uniformly in cash and credit transactions are not finance charge