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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 March 2012 - onwards
  Version 2 of 2    

97A. Duty to give information on partial repayment.

(1) Where a debtor under a regulated consumer credit agreement -

(a) makes a payment by virtue of which part of his indebtedness is discharged under section 94, and

(b) at the same time or subsequently requests the creditor to give him a statement concerning the effect of the payment on the debtor’s indebtedness,

the creditor must give the statement to the debtor before the end of the period of seven working days beginning with the day following that on which the creditor receives the request.

(2) The statement shall be in writing and shall contain the following particulars -

(a) a description of the agreement sufficient to identify it,

(b) the name, postal address and, where appropriate, any other address of the creditor and the debtor,

(c) where the creditor is claiming an amount under section 95A(2) or section 95B(2), that amount and the method used to determine it,

(d) the amount of any rebate to which the debtor is entitled -

(i) under the agreement, or

(ii) by virtue of sectio

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