Paragraph 14 Total amount payable by the debtor

(1)

Subject to sub-paragraphs (2) and (3) below, in the case of an advertisement relating to credit to be provided under a consumer credit agreement which is repayable at specified intervals or in specified amounts and other than cases under which the sum of the payments within sub-paragraphs (a) to (c) below is not greater than the cash price referred to in paragraph 15 below, the total amount payable by the debtor, being the total of—

(a)

advance payments;

(b)

the amount of credit repayable by the debtor; and

(c)

the amount of the total charge for credit.

(2)

In the case of an agreement for running-account credit the total amount payable by the debtor under this paragraph shall be calculated on each of the following assumptions:

(a)

the debtor is provided with an amount of credit equal to the cash price of the goods or services less any advance payment required;

(b)

there are no changes in the rates of interest on the credit which may be provided under the agreement;

(c)

the debtor pays the amount stated in the advertisement or if none is stated the fixed or minimum sums payable under the agreement;

(d)

all repayments of credit and of the total charge for credit are made on the due date under the agreement; and

(e)

the debtor acquires no further goods or is provided with no further services under the agreement.

(3)

Sub-paragraph (1) above does not apply in the case of an advertisement relating to running-account credit to be provided under a consumer credit agreement where the advertisement does not specify goods, services, land or other things having a particular cash price, the acquisition of which may be financed by the credit.