Regulation 30 Instalments not to exceed savings

(1)

The first year instalments must not exceed the estimated first year savings^f1.

(2)

The payment period must not exceed the savings period^f2.

(3)

The green deal provider must, before the plan is entered into, notify the improver of—

(a)

the improvement-specific first year savings;

(b)

the improvement-specific savings period;

(c)

the amount of the first year instalments attributable to each improvement (the “improvement-specific instalments”); and

(d)

the period over which instalments are to be payable for each improvement (an “improvement-specific payment period”).

(4)

The improvement-specific instalments must not exceed the improvement-specific first year savings.

(5)

The improvement-specific payment period must not exceed the improvement-specific savings period.

(6)

In this regulation “first year instalments” means the estimated total of instalments that are proposed to be payable in the first year of the plan.

Annotations

f1: This is the seventh condition for the purpose of section 4(8) of the Act.
f2: This is the eighth condition for the purpose of section 4(9) of the Act.