# Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for consumers relating to residential immovable property and amending Directives 2008/48/EC and 2013/36/EU and Regulation (EU) No 1093/2010 (Text with EEA relevance), Article 24: Variable rate credits

Extent: E+W+S+N.I.

Where the credit agreement is a variable rate credit, Member States shall ensure that:
(a) any indexes or reference rates used to calculate the borrowing rate are clear, accessible, objective and verifiable by the parties to the credit agreement and the competent authorities; and
(b) historical records of indexes for calculating the borrowing rates are maintained either by the providers of these indexes or the creditors.

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Source: https://www.legislation.gov.uk/eudr/2014/17/article/24 (the official version)
Page: https://openlegislation.uk/eu-directive-2014-17/article-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.