Consumer Credit (Rebate on Early Settlement) Regulations 1983 [SI 1983 No. 1562]

Version status: Revoked | Document consolidation status: Updated to reflect all known changes

Published date: 24 October 1983

	Introductory Text
	Regulation 1 Citation, commencement and interpretation
	Regulation 2 Entitlement to rebate
	Regulation 3 Items included in the calculation of rebate
	Regulation 4 Formulae for calculating rebate
	Regulation 5 Deferment of settlement date
	Regulation 6 Settlement date
	Regulation 7 Variation of rates and amounts
	Regulation 8 Old agreements
	Schedule 1 Pro Rata Rule
	Schedule 2 Rule of 78
	Schedule 2, Part I Simple formula for calculation of rebate where credit is repayable in equal instalments at equal intervals.
	Schedule 2, Part II General formula for calculation of rebate where credit is repayable in unequal instalments or in instalments at unequal intervals.
	Schedule 3 Formula for calculation of rebate where settlement takes place between two instalment dates and credit is repayable by instalments at other than monthly or shorter intervals.
	Schedule 4 Formula for calculation of rebate where a sum less than the total remaining indebtedness of the debtor is required to be paid early.
	Schedule 5 Provisions relating to determining whether repayments of credit are in equal instalments or at equal intervals for the purpose of calculation of rebate.
	Signature
	Explanatory Note

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