Consumer Credit Act, 1995 (Section 36) Regulations, 1996.

JurisdictionIreland
Year1996
CitationIR SI 128/1996

S.I. No. 128 of 1996.

CONSUMER CREDIT ACT, 1995 (SECTION 36) REGULATIONS, 1996.

I, RICHARD BRUTON, Minister for Enterprise and Employment, in exercise of the powers conferred on me by section 36 of the Consumer Credit Act, 1995 (No. 24 of 1995), hereby make the following Regulations:

1. These Regulations may be cited as the Consumer Credit Act, 1995 (Section 36) Regulations, 1996.

2. The forms of notice set out in Parts I and II in the Schedule to these Regulations shall be in lieu of the form of notice set out in Part 1 of the Third Schedule to the Consumer Credit Act, 1995 (No. 24 of 1995).

SCHEDULE

PART I

Form of Notice to be included on front page of a credit agreement (other than a credit card agreement or running account)

IMPORTANT INFORMATION as at dd mm yy

1.

Amount of credit advanced

2.

Period of Agreement

:

3.

Number of Repayment Instalments

:

4.

Amount of Each Instalment

5.6.

Total Amount RepayableCost of this credit (5 minus 1)

:£:£

7.

APR

:

N.B. YOU MAY WITHDRAW FROM THIS AGREEMENT AT ANY TIME WITHIN 10 DAYS OF RECEIVING THIS AGREEMENT OR A COPY OF IT.

PART II

Form of Notice to be included on front page of a credit card agreement or a running account

IMPORTANT INFORMATION as at dd mm yy

1.

Amount of credit limit

2.

Period of Agreement

:

3.

Frequency of Repayment Instalments

:

4.

Amount of Each Instalment

5.

APR

:

GIVEN under my Official Seal, this 13th day of May, 1996.

RICHARD BRUTON,

Minister for Enterprise and Employment.

EXPLANATORY NOTE.

These Regulations replace the form of notice set out in Part I of the Third Schedule to the Consumer Credit Act, 1995 with the forms of notice set out in the Schedule to these Regulations.

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