[78A Duty to give information to debtor on change of rate of interest]
Consumer Credit Act 1974 (1974 c 39) | Legislation

[78A  Duty to give information to debtor on change of rate of interest]

[(1)     Where the rate of interest charged under a regulated consumer credit agreement, other than an excluded agreement, is to be varied, the creditor must inform the debtor in writing of the matters mentioned in subsection (3) before the variation can take effect.

(2)     But subsection (1) does not apply where—

(a)     the agreement provides that the creditor is to inform the debtor in writing periodically of the matters mentioned in subsection (3) in

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