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HBP offers federal and postal employees and annuitants dental and vision benefits. Expand your health coverage when you add one or both of our affordable options. You can enroll in these plans' year
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What is rates on back?
Rates on back refer to the interest rates charged on loans or credit cards when the borrower fails to make timely payments.
Who is required to file rates on back?
Lenders or financial institutions are required to file rates on back for borrowers who have missed payments.
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Rates on back can be filled out by including the amount of the missed payment, the interest rate being charged, and any additional fees or charges.
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The purpose of rates on back is to compensate the lender for the additional risk and cost associated with late payments.
What information must be reported on rates on back?
The information reported on rates on back should include the borrower's name, account number, the amount of the missed payment, the interest rate being charged, and any additional fees.
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