| Definition Type: | Element |
| Name: | RetailAPRBuyDownPercent |
| Namespace: | http://www.starstandard.org/STAR/5 |
| Type: | udt:PercentType |
| Containing Schema: | Fields.xsd |
| Abstract | |
| Documentation: |
The difference in the
finance charge amount between the buy rate and the customer rate. For instance if
the buy rate is 4.9% and the dealer writes the contract for 2.9% - the difference
of
1% finance charge needs to be paid to the lender up-front.
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