Define: Ancillary Fees
Ancillary Fees means additional charges collected from the debtor related to a loan, excluding certain specific fees.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Ancillary Fees means additional charges collected from the debtor related to a loan, excluding certain specific fees.
Relevant Circumstances
- Financing for large purchases such as property or vehicles
- Setting up a new credit card account
- Taking out a personal or business loan
- Establishing or modifying the terms of a mortgage
Relevant Sectors
- Banking
- Real Estate
- Automotive
- Retail