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Consumer Credit (Rebate on Early Settlement) Regulations 1983 [SI 1983 No. 1562]Introductory TextRegulation 1 Citation, commencement and interpretationRegulation 2 Entitlement to rebateRegulation 3 Items included in the calculation of rebateRegulation 4 Formulae for calculating rebateRegulation 5 Deferment of settlement dateRegulation 6 Settlement dateRegulation 7 Variation of rates and amountsRegulation 8 Old agreementsSchedule 1 Pro Rata RuleSchedule 2 Rule of 78Schedule 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.SignatureExplanatory Note
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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.
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