# The Consumer Credit (Total Charge for Credit, Agreements and Advertisements) (Amendment) Regulations 1999, Regulation 4: Amendments to the Consumer Credit (Agreements) Regulations 1983


The Consumer Credit (Agreements) Regulations 1983 are amended as follows–
(a) in Schedule 1, by adding the following after paragraph 19–
“
19A.Agreements to which regulation 15A of the Total Charge for Credit Regulations applies.
The initial standard variable rate within the meaning of regulation 15A(2) of the Total Charge for Credit Regulations together with a statement explaining–
(a)what that rate is; and
(b)that it has been taken into account in calculating the APR.
”;
(b) in paragraph 2 of Schedule 7, by substituting the words “ regulation 7 ” for the words “any of regulations 7, 9 and 10";
(c) in paragraph 3 of Schedule 7, by substituting the words “ regulation 7 ” for the words “any of regulations 7, 9 and 10";
(d) in Schedule 7, by deleting paragraphs 4 and 5; and
(e) in Part I of Schedule 8, by adding the following after paragraph 19–
“
19A.Modifying agreements which are required under paragraph 14, 15 or 16 to disclose an APR in relation to the modified agreement and under which the provisions of an earlier agreement are varied or supplemented with the result that the modified agreement is an agreement to which regulation 15A of the Total Charge for Credit Regulations applies.
The initial standard variable rate (within the meaning of regulation 15A(2) of the Total Charge for Credit Regulations) in relation to the modified agreement, together with a statement explaining–
(a)what that rate is; and
(b)that it has been taken into account in calculating the APR in relation to the modified agreement.
”.

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Source: https://www.legislation.gov.uk/uksi/1999/3177/regulation/4 (the official version)
Page: https://openlegislation.uk/consumer-credit-total-charge-for-credit-agreements-and-advertisements-amendment-regulations-1999/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.