Prospective
Consumer Credit (Early Settlement) Regulations 2004U.K.
83. In regulation 5 (settlement date)—
(a)regulation 5 is renumbered as paragraph (1) of that regulation;
(b)in paragraph (1) as so renumbered—
(i)after “calculation of the rebate” insert—
“in regulation 4”;
(ii)in sub-paragraph (a) for “section 94” substitute—
“section 94(1)”;
(c)after paragraph (1) as so renumbered, insert—
“(2) The settlement date for the calculation of the rebate in regulation 4A shall be taken to be the date falling 28 days after the date on which the notice under section 94(4)(a) of the Act was received by the creditor, or any later date specified as the date of early settlement in the notice, if the debtor pays the amount in question not later than that date.”.
Commencement Information
I1Reg. 83 in force at 1.2.2011, see reg. 99(1)