(1) Where -
(a) the holder of a current account overdraws on the account without a pre-arranged overdraft, or exceeds a pre-arranged overdraft limit, for a period exceeding one month,
(b) the amount of that overdraft or excess is significant throughout that period,
(c) that overdraft or excess is a regulated consumer credit agreement, and
(d) the account-holder has not been informed in writing of the matters mentioned in subsection (2) within that period,
the account-holder must be informed in writing of those matters without delay.
(2) The matters referred to in subsection (1) are -
(a) the fact that the current account is overdrawn or the overdraft limit has been exceeded,
(b) the amount of that overdraft or excess,
(c) the rate of interest charged on it, and
(d) any other charges payable by the debtor in relation to it (including any penalties and any interest on those charges).
(3) For the purposes of subsection (1)(b) the amount of the overdraft or excess is to be treated as