{
  "url": "https://openlegislation.uk/consumer-credit-total-charge-for-credit-regulations-1980/regulation-8",
  "json_url": "https://openlegislation.uk/consumer-credit-total-charge-for-credit-regulations-1980/regulation-8.json",
  "legislation": "uksi/1980/51",
  "legislation_title": "The Consumer Credit (Total Charge for Credit) Regulations 1980",
  "legislation_url": "https://openlegislation.uk/consumer-credit-total-charge-for-credit-regulations-1980",
  "path": "regulation/8",
  "kind": "regulation",
  "number": "8",
  "heading": "Calculation where fixed-sum credit is provided and repayable in single lump sum",
  "text": "In the case of an agreement for fixed-sum credit provided in a single lump sum repayable at the end of a specified period in a single lump sum being repayment of the credit and of the total charge for credit, the annual percentage rate of charge is given by the following formula—\n100 ⁢ [ ( 1 + C P ) 1 t − 1 ] C is the total charge for credit;\nP is the amount of the credit; and\nt is the period beginning with the relevant date and ending with the date of repayment expressed in years.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1980/51/regulation/8",
    "retrieved_at": "2026-10-29T19:06:42.191429+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}