Paragraph 3 I1

United Kingdom

Information specific to the agreement—

(a)

a description of the agreement sufficient to identify it;

(b)

the amount of credit provided and, where applicable, to be provided under the agreement (shown as one figure);

(c)

(i)

any rate or rates of interest applicable on a per annum basis which applied during the period to which the statement relates and—

(aa)

the periods during which each rate applied; and

(bb)

if applicable, the element of the credit to which each rate applied; or

(ii)

where the rate or rates of interest are not applicable on a per annum basis, the rate or rates of interest on the credit provided under the agreement, in each case quoted on a per annum basis and a statement explaining how and when interest charges are calculated and applied under the agreement;

(d)

(i)

the date on which the agreement became an executed agreement; or

(ii)

the date of first movement on the account;

(e)

(i)

the duration; or

(ii)

the minimum duration,

of the agreement as provided in the agreement;

(f)

any opening balance under the agreement at the beginning of the period to which the statement relates;

(g)

the amount and date of any payment made into the account by, or to the credit of, the debtor during the period to which the statement relates;

(h)

the amount and date of any interest or other charges payable by the debtor which became due during the period to which the statement relates, whether or not the interest or other charges relate only to that period;

(i)

the amount and date of any movement in the account during the period to which the statement relates which is not required to be included in the statement under sub-paragraphs (g) and (h); and

(j)

the balance under the agreement at the end of the period to which the statement relates.

Annotations

Commencement

I1: Sch. 1 para. 3 in force at 1.10.2008, see reg. 1(3)