# The Consumer Credit (Agreements) Regulations 1983, Paragraph 3: Tolerance where interval between relevant date and first repayment is greater than interval between repayments

Extent: E+W+S+N.I.

In the case of an agreement under which:—
(a) three or more repayments are to be made at equal intervals; and
(b) the interval between the relevant date and the first repayment is greater than the interval between the repayments,
there may be included in the document a rate found under ...the total charge for credit rules as if the interval between the relevant date and the first repayment were shortened so as to be equal to the interval between the repayments.

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Source: https://www.legislation.gov.uk/uksi/1983/1553/schedule/7/paragraph/3 (the official version)
Page: https://openlegislation.uk/consumer-credit-agreements-regulations-1983/schedule-7/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.