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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 28 February 2014 - onwards
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95B. Compensatory amount: green deal finance

(1) This section applies where -

(a) a regulated consumer credit agreement provides for the rate of interest on the credit to be fixed for a period of time ("the fixed rate period"),

(b) the agreement is a green deal plan which is of a duration specified for the purposes of this section in regulations, and

(c) under section 94 the debtor discharges all or part of his indebtedness during the fixed rate period.

(2) The creditor may claim an amount equal to the cost which the creditor has incurred as a result only of the debtor's indebtedness being discharged during the fixed rate period if -

(a) the amount of the payment under section 94 is not paid from the proceeds of a contract of payment protection insurance, and

(b) such other conditions as may be specified for the purposes of this section in regulations are satisfied.

(3) The amount in subsection (2) -

(a) must be fair,

(b) must be objectively justified,

(c) must be calculated by the creditor in accordance with provision made for t

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