Paragraph 2 Tolerance where repayments are nearly equalI1
United Kingdom
In the case of an agreement under which all repayments but one are equal and that one repayment does not differ from any other repayment by more whole pence than there are repayments, there may be included in the document a rate found under F1... the F2total charge for credit rules as if that one repayment were equal to the other repayments.
Annotations
Textual amendments
- F1
Words in Sch. 7 para. 2 omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 23(6)(b)
- F2
Words in Regulations substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 23(3)
Commencement
- I1
Sch. 7 para. 2 in force at 19.5.1985, see reg. 1(1)