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The Timeshare (Repayment of Credit on Cancellation) Order 1992
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- UK Statutory Instruments
- 1992 No. 1943
- SCHEDULE 1
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Article 3(1)
SCHEDULE 1FORM OF REQUEST FOR REPAYMENT OF CREDIT REPAYABLE BY INSTALMENTS UNDER A TIMESHARE AGREEMENT IN RESPECT OF WHICH NOTICE OF CANCELLATION HAS BEEN GIVEN IN ACCORDANCE WITH SECTION 5 OF THE ACT IN A CASE WHERE SUBSECTION (9) OF THAT SECTION APPLIES
1. A description of the cancelled agreement sufficient to identify it.
2. The name and a postal address of the offeror.
3. The name and a postal address of the offeree.
4. The amount of credit received by the offeree under the agreement.
5. The date when the first instalment was due under the agreement.
6. The amount of credit repaid by the offeree before that date or a statement that none of the credit was repaid before that date.
7. The amounts of the remaining instalments (recalculated in accordance with section 7(3) of the Act) which the offeree is required to pay, i.e. excluding any sum other than principal and interest.
8. A precise indication of the dates on which the instalments are due or a statement indicating clearly the manner in which those dates will be determined.
9. A clear and unambiguous statement by the offeror that payment of the amounts of the remaining instalments is demanded on the dates indicated.
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