{
  "url": "https://openlegislation.uk/consumer-credit-information-requirements-and-duration-of-licences-and-charges-regulations-2007/schedule-4/paragraph-8",
  "json_url": "https://openlegislation.uk/consumer-credit-information-requirements-and-duration-of-licences-and-charges-regulations-2007/schedule-4/paragraph-8.json",
  "legislation": "uksi/2007/1167",
  "legislation_title": "The Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007",
  "legislation_url": "https://openlegislation.uk/consumer-credit-information-requirements-and-duration-of-licences-and-charges-regulations-2007",
  "path": "schedule/4/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": null,
  "text": "Where the interest rate which applies to the default sum in the event that it is not paid or not paid in full when it falls due is a variable rate the following form of wording shall be contained in a notice under this Part—\n“Interest\nWe are not entitled to charge you interest on the default sums for the first 28 days after we have given you this notice. However if the sums are not paid in full by that date interest will be charged at the rate of…….[NOTE 1]. Since this interest rate is a variable rate, the rate which we will apply to the default sum once the 28 days have passed may be different.”.\nNOTE 1: Insert the interest rate applicable at the date of the notice.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 4 para. 8 in force at 1.10.2008, see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/1167/schedule/4/paragraph/8",
    "retrieved_at": "2026-10-29T03:55:24.067631+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."
}