annual percentage rate
(4) Annual percentage rate .— The term “annual percentage rate” has the same meaning as in section 107 of the Truth and Lending Act ( 15 U.S.C. 1606 ), as implemented by regulations of the Board of Governors of the Federal Reserve System. For purposes of this section, such term includes all fees and charges, including charges and fees for single premium credit insurance and other ancillary products sold in connection with the credit transaction, and such fees and charges shall be included in the calculation of the annual percentage rate.