Regulation 2 Interpretation
In these Regulations -
"the 1974 Act" means the Consumer Credit Act 1974;
"actual plan interest" means the total amount of interest that falls due for payment under the green deal plan between the settlement date and the full discharge date if early settlement takes place;
"administration amount" means the amount by which the creditor expects its administration costs will be reduced in consequence of early settlement taking place;
"compensatory amount" means the amount that a creditor is entitled to claim under section 95B(2) of the 1974 Act, calculated in accordance with regulation 4;
"early settlement" means, as appropriate, full early settlement or partial early settlement;
"expected plan interest" means the total amount of interest that falls due for payment by the debtor under the green deal plan between the settlement date and the full discharge date if early settlement does not take place;