Consumer Protection Act - Finlex

(5) credit costs mean the total amount of interest, costs and other paymentsthat the consumer shall pay on the basis of the consumer creditrelationship, with the exception of insurance premiums on an insurancepolicy relating to the goods delivered or services provided;(6) credit price means the sum total of the cash price and the credit costs; and(7) annual percentage rate of charge means the interest rate that results whenthe credit costs are calculated as annual interest on the credit, taking intoaccount any payments against the balance.Section 3(1) In the application of the provisions of this chapter;(1) the assignee of the rights of the creditor on the basis of a consumer creditagreement shall also be deemed a creditor; and(2) a leasing or hiring or similar agreement on the basis of which goods passinto the possession of a consumer and under the terms of which the cashprice and the credit costs shall be paid during the leasing period or theterms of which otherwise indicate that the intent of the agreement is totransfer the ownership of the goods to the consumer, shall be deemed acredit sale.(2) In the application of the provisions in section 19, the identification providing theright to use an account or other financial services or instruments shallcorrespond to the identification providing the right to use a running accountcredit. In this case, the provisions laid down on creditors shall be applied to abusiness which has concluded a contract regarding the identification with aconsumer. (29/2005)Section 4 (85/1993)(1) Sections 6, 7, 9, 10, 11 and 12(1) of this chapter do not apply to consumer creditto be paid within a maximum of three months. Sections 10 and 11 do, however,apply to such credit if the credit may be used by means of a credit card or othercorresponding means of identification.(2) Sections 13 and 14 of this chapter apply only to goods-or-services-related creditand section 17 only to goods-or-services-related credit granted for the acquisitionof goods.39