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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2008 - onwards
  Version 2 of 2    

Regulation 12

(1) A statement given under section 77A of the 1974 Act in relation to a home credit loan agreement shall include -

(a) the total charge for credit provided under the agreement; and

(b) a statement in the following form:

"You are entitled to request one free statement per quarter or one per loan (whichever allows for more requests). We are required to provide you with a statement free of charge within seven days of receiving your request.".

(2) Such a statement, if given during a period when any relevant website is being operated, shall also contain the statement "You can compare our loans with other home credit loans available in your area by accessing the website", followed by the location of the website in question.

(3) For the purposes of paragraph (2), "relevant website" has the same meaning as in article 14 of the Home Credit Market Investigation Order 2007 [The Home Credit Market Investigation Order 2007 is made by the Competition Commission under its powers in section 161 and 1

Comparing proposed amendment...