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Regulation 13 Assumption about the amount of credit

Original text. Later amendments are not shown.

Where the amount of the credit to be provided under the agreement cannot be ascertained at the date of the making of the agreement,—

(a)

in the case of an agreement for running-account credit under which there is a credit limit, that amount shall be taken to be such credit limit; and

(b)

in any other case, that amount shall be taken to be £100.