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Paragraph 1A Permissible tolerances in disclosure of the APRF1

Original text. Later amendments are not shown.

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

(1)

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

(2)

a rate which falls short of the APR by not more than 0.1; or

(3)

in a case to which either of paragraphs 2 or 3 below applies, a rate determined in accordance with the paragraph or such of them as apply to that case.

Annotations

Textual amendments

F1

Sch. 7 paras. 1, 1A substituted for Sch. 7 para. 1 (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 15 (with reg. 18)