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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
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131. Disclosure of charges, agency introduction fees, commissions and expenses.

(1) The Minister for Finance may, after consulting the Minister for the Environment and Local Government and the Bank, make a regulation requiring the disclosure to the borrower of specified information relating to any insurance commission, introduction fee or other inducement, charge or expense that may be payable to a person or retained by a person -

(a) because the borrower has taken out an insurance policy in connection with the making of a housing loan, or

(b) because of the making of such a loan.

(2) Regulations under this section may in particular specify:

(a) the nature of the information to be disclosed, including information on the manner in which any commission, fee, or other inducement, charge or expense is to be determined, the amount or value of same and the arrangements for the payment or provision of same,

(b) the circumstances in which and the time at which the information is to be disclosed,

(c) the manner of disclosure of the information.

(3)

(a) Subsection (2) is wi

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