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Paragraph 2 Permissible tolerances in disclosure of the APR

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

For the purposes of these Regulations, it shall be sufficient compliance with the requirement to show the APR if there is included in the advertisement—

(a)

a rate which exceeds the APR by not more than one; or

(b)

a rate which falls short of the APR by not more than 0·1; or

(c)

in a case to which any of paragraphs 3 to 6 below applies, a rate determined in accordance with the paragraph or such of them as apply to that case.