(1) These Regulations may be cited as the Consumer Credit (Early Settlement) Regulations 2004, and shall come into force on 31st May 2005.

(2) In these Regulations -

"the Act" means the Consumer Credit Act 1974;

"the APR" means the annual percentage rate of charge for credit determined in accordance with the total charge for credit rules, subject to regulation 3(2) below;

"early settlement" shall be construed in accordance with regulation 2(1A) below;

"green deal plan" has the meaning given in section 1 of the Energy Act 2011;

"rebate" means a rebate of charges for credit included in the total charge for credit;