Paragraph 12 Frequency and amount of hire payments

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.2, Pt.II, para.3 amended by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(e)
Sch.2, Pt.II, para.3A added by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(e)
Sch 2, Pt.III, para.3 amended by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(f)
Sch.2, Pt.III, para.3A added by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(f)

The frequency and amount of each hire payment stating if it be the case that it is a minimum amount and, in the case where the amount of any hire payment will or may be varied, a statement indicating that the amount will or may be varied and the circumstances in which it would happen:

Provided that the advertisement shall not include in relation to any hire payment the expression “weekly equivalent” or any expression to the like effect or any expression of any other periodical equivalent unless weekly payments or the other periodical payments are provided for under the hire agreement.