(1) Before concluding a credit agreement with a consumer, a creditor shall assess the consumer's creditworthiness on the basis of sufficient information, where appropriate obtained from the consumer and, where necessary, on the basis of a consultation of the relevant database.

(2) If a creditor and a consumer agree to change the total amount of credit after a credit agreement is concluded, the creditor -

(a) shall update the financial information at the creditor's disposal concerning the consumer, and

(b) shall assess the consumer's creditworthiness before agreeing to any significant increase in the total amount of credit.

(3) A creditor or credit intermediary that contravenes a provision of this Regulation commits an offence.