Regulation 4 Items included in total charge for credit

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 4(a) word omitted by Consumer Credit (Total Charge for Credit, Agreements and Advertisements) 1999 reg. 3(e)
reg. 4(b) word substituted by Consumer Credit (Total Charge for Credit, Agreements and Advertisements) 1999 reg. 3(f)
reg. 4(c) added by Consumer Credit (Total Charge for Credit, Agreements and Advertisements) 1999 reg. 3(f)

Except as provided in regulation 5 below, the amounts of the following charges are included in the total charge for credit in relation to an agreement:—

(a)

the total of the interest on the credit which may be provided under the agreement; and

(b)

other charges at any time payable under the transaction by or on behalf of the debtor or a relative of his whether to the creditor or any other person,

notwithstanding that the whole or part of the charge may be repayable at any time or that the consideration therefor may include matters not within the transaction or subsisting at a time not within the duration of the agreement.