Carleton's products and services are synonymous with consumer credit calculation compliance, and we have always taken great pride in the fact that our company is viewed as the industry's authority with respect to loan calculation accuracy. Our products are so thoroughly tested that twelve State Examining Agencies use custom Carleton software to aid them during computational audits to verify the accuracy of interest and credit insurance calculations.

When you purchase a Carleton product, you automatically receive the support of our Research Department in three critical areas:

• State & Federal Law Database - The Research Department takes a proactive approach to loan calculation compliance by monitoring changes in state and federal regulations, and ensuring that our software products are always up to date.

• Verification of Calculations - The Research Department is involved in designing programs to test the accuracy of all Carleton calculations and ensures that an updated quality control program is in place to ensure compliance with state and federal guidelines.

• Litigation Support - As part or our maintenance and customer support package, Carleton’s Research Department will be available as a resource to our clients if state or federal regulators should question their computations. We will answer all questions regarding the accuracy of all calculations as they relate to Carleton products.

The Cost of Personal Borrowing in the United States subscription service summarizes over 400 different lending statutes and regulations.

The printed subscription provides summaries for different lending classifications focusing on maximum interest rates, terms and amounts. The book is a 5 ½” x 8 ½” three ring binder that is updated monthly or as information warrants.

Each state also has a listing of published prima facie credit life and A&H rates. The insurance also contains pertinent information such as when a discount for interest and mortality must be applied and any regulatory limitations on terms and amounts.

The book also serves as a primer on consumer lending math with sections on classes of lending, interest rate calculations, Truth-in-Lending disclosure requirements, and rebate calculations and methods.

Carleton monitors state and federal regulatory changes to ensure our software is always in compliance. We carry that expertise one step further to help our customers stay abreast of changes in the industry.

Cost of Personal Borrowing in the United States

• Chapter 1 Summary of Federal Truth-in-Lending Act
• Chapter 2 Methods of Computing Interest Charges
• Chapter 3 Classes of Loans and Lenders
• Chapter 4 The Uniform Consumer Credit Code (UCCC)
• Chapter 5 Prepayment and Rebates
• Chapter 6 Credit Insurance Premium Calculation
• Chapter 7 Credit Sale/Auto Summary of State Late Charge Maximums
• Chapter 8 Mortgage Lending Overview
• Chapter 9 Examination of the States
  Each State section contains:
  • Summary of lending laws
  • Published prima facie rates for life and A&H
  • Maximum Charge chart pages
• Chapter 10 Financial Charge Tables
  • This section contains an assortment of interest charge and conversion tables.
  • Includes add-on to simple, simple to add-on, actuarial interest maximum charges.