{
  "url": "https://openlegislation.uk/consumer-credit-agreements-regulations-2010/schedule-4/paragraph-wrapper16n1",
  "json_url": "https://openlegislation.uk/consumer-credit-agreements-regulations-2010/schedule-4/paragraph-wrapper16n1.json",
  "legislation": "uksi/2010/1014",
  "legislation_title": "The Consumer Credit (Agreements) Regulations 2010",
  "legislation_url": "https://openlegislation.uk/consumer-credit-agreements-regulations-2010",
  "path": "schedule/4/paragraph/wrapper16n1",
  "kind": "paragraph",
  "number": null,
  "heading": null,
  "text": "1. Assumptions about running-account credit\n(a) In the case of an agreement for running-account credit, the assumption in paragraph (b) below shall have effect for the purpose of calculating the total charge for credit and any APR in place of the assumption in the total charge for credit rules that might otherwise apply.\n(b) In a case where credit is to be provided subject to a maximum credit limit of less than £1,200, the credit limit shall be assumed to be an amount equal to that maximum limit.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 4 para. 1 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), art. 1(2)(6), 27(6)(a)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2010/1014/schedule/4/paragraph/wrapper16n1",
    "retrieved_at": "2026-10-29T02:45:12.745062+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}