Truth in Lending: 3.11.1 Overview
One of the underlying assumptions for the “more than four installments” rule1092 is that merchants might circumvent the objective of TILA by “burying the cost of credit in the price of the goods sold.”1093 The mere fact that a transaction falls within the more than four installment rule does not necessarily mean that a finance charge is involved.1094 But a transaction within the scope of TILA that has no finance charge, a nominal finance char