Where, under a power contained in the agreement, the rate or amount of any item included in the total charge for credit, the amount of any instalment of repayment of credit or the time fixed by the agreement for the debtor’s indebtedness to be discharged is or can be varied, the rate or amount, as the case may be, of any item to be included in the total charge for credit or the amount of any instalment of repayment of credit or the time fixed by the agreement for the debtor’s indebtedness to be discharged for the purpose of calculation of the rebate shall be taken to be, in respect of any period of time commencing on or after the settlement date, the rate or amount or time subsisting at that date.
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 May 2005 - onwards