(1) If the amount of a loan approved by a credit union exceeds €200, the credit union shall ensure that -
(a) a credit agreement is entered into in writing and signed by the member concerned and by or on behalf of all other parties to the agreement, and
(b) a copy of the agreement -
(i) is handed personally to the member immediately after the agreement is entered into, or
(ii) is delivered or sent to the member within 10 days after the agreement is entered into, and
(c) any contract of guarantee relating to the loan is in writing and signed by the guarantor and by or on behalf of all other parties to the agreement, and a copy of the guarantee and the agreement -
(i) is handed personally to the guarantor immediately after the contract is entered into, or
(ii) is delivered or sent to the guarantor within 10 days after the contract is entered into.
(2) For the purposes of this section, a contract of guarantee -
(a) includes, where the member is not of full age, an indemnity provided by
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