"Amount financed" means the total of the following items to the extent that payment is deferred:

1. (1) the cash price of the goods, services, or interest in land, less the amount of any down payment whether made in cash or in property traded in;
2. (2) the amount actually paid or to be paid by the seller pursuant to an agreement with the buyer to discharge a security interest in or a lien on property traded in; and

3. (3) if not included in the cash price

   1. (a) any applicable sales, use, or excise and documentary stamp taxes;
   2. (b) amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees; and
   3. (c) additional charges permitted by this article (Section 14A-2-202).

Laws 1969, HB 1001, c. 352, § 2-111, emerg. eff. July 1, 1969.