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The Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007
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- 2007 No. 1167
- SCHEDULE 1
- PART 3
- Regulation 5
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5. The following forms of wording shall be included, as appropriate, in a statement under this Part:
“Termination: Your rights
You also have the right to end this agreement early in accordance with section 99 of the Consumer Credit Act 1974. You will not have to pay all the sums due under the agreement but you will not be entitled to retain the goods if you do this. Details were set out in your credit agreement. If you wish to terminate the agreement you should contact us for further information including any amount payable on termination.”.
“If you wish we can provide you with separate settlement figures for your [hire purchase] [conditional sale] [NOTE 1] agreement and for your insurance finance agreement. Please contact us in writing to obtain this.”.
NOTE 1: Delete as applicable.
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