Amendments to the Consumer Credit (Disclosure of Information) Regulations 2010

37.  In regulation 10 (information to be disclosed: overdraft agreements)—

(a) after paragraph (5) insert—

“(5A) In the case of an agreement that falls within paragraph (4)(a) that is also a distance contract, where the debtor does not explicitly consent to the disclosure of the information in paragraph (5), the creditor must disclose the information in paragraph (3) to the debtor before the regulation is made.”;

(b) in paragraph (9) after “(5),” insert “(5A),”.