# The Consumer Credit (Quotations) Regulations 1989, Paragraph 8: Credit limit


In the case of a quotation relating to running-account credit, the credit limit expressed as–
(a) a sum of money;
(b) a statement that the credit limit will be determined by the creditor from time to time under the agreement and that notice of it will be given by him to the debtor;
(c) a sum of money together with a statement that the creditor may vary the credit limit to such sum as he may from time to time determine under the agreement and that notice of it will be given by him to the debtor; or
(d) in a case not falling within head (a), (b) or (c) above, either a statement indicating the manner in which the credit limit will be determined and that notice of it will be given by the creditor to the debtor or a statement indicating that there is no credit limit.

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Source: https://www.legislation.gov.uk/uksi/1989/1126/schedule/1/paragraph/8 (the official version)
Page: https://openlegislation.uk/consumer-credit-quotations-regulations-1989/schedule-1/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.