OpenLegislation

Paragraph 5 Amount of payment less any rebate on early settlement plus any compensationF1I1

United Kingdom

Original text. Later amendments are not shown.

The total amount payable by the debtor required to discharge his indebtedness under the agreement after taking into account the amount of any rebate on early settlement and the compensatory amount, namely the amount resulting from the deduction of the amount shown in paragraph 4 from the amount shown in paragraph 3 and the addition of the amount shown in paragraph 3A.

Annotations

Textual amendments

F1

Sch. para. 5 substituted (1.2.2011) by The Consumer Credit ( EU Directive) Regulations 2010 (S.I. 2010/1010), regs. 62(b), 99(1) (with regs. 100, 101)

Commencement

I1

Sch. para. 5 in force at 19.5.1985, see reg. 1(1)