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The Consumer Credit (Repayment of Credit on Cancellation) Regulations 1983
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- 1983 No. 1559
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Regulation 2(1)
SCHEDULE 1FORM OF REQUEST FOR REPAYMENT OF CREDIT UNDER A CANCELLED REGULATED CONSUMER CREDIT AGREEMENT REPAYABLE BY INSTALMENTS
1. A description of the cancelled agreement sufficient to identify it.
2. The name and a postal address of the creditor.
3. The name and a postal address of the debtor.
4. The amount of credit received by the debtor under the agreement.
5. The date when the first instalment was due under the agreement.
6. The amount of credit repaid by the debtor before that date, or a statement that none of the credit was repaid before that date.
7. The amounts of the remaining instalments (recalculated in accordance with section 71(3) of the Act) which the debtor is required to pay, ie excluding any sum other than principal and interest.
8. A precise indication of the dates on which the instalments are due or a statement indicating clearly the manner in which those dates will be determined.
9. A clear and unambiguous statement by the creditor that payment of the amounts of the remaining instalments is demanded on the dates indicated.
Regulation 2(2)
SCHEDULE 2FORM OF REQUEST FOR REPAYMENT OF CREDIT FOLLOWING WITHDRAWAL OF A PARTY FROM A PROSPECTIVE REGULATED CONSUMER CREDIT AGREEMENT REPAYABLE BY INSTALMENTS
1. A description of the prospective agreement sufficient to identify it.
2. The name and a postal address of the creditor.
3. The name and a postal address of the debtor.
4. The amount of credit received by the debtor under the prospective agreement.
5. The date when the first instalment would have been due under the agreement if the prospective agreement had been made at the same time as the credit, or the first part of the credit as the case may be, was provided.
6. The amount of credit repaid by the debtor before that date, or a statement that none of the credit was repaid before that date.
7. The amounts of the remaining instalments (recalculated in accordance with sections 57 and 71(3) of the Act) which the debtor is required to pay, ie excluding any sum other than principal and interest.
8. A precise indication of the dates on which the instalments are due or a statement indicating clearly the manner in which those dates will be determined.
9. A clear and unambiguous statement by the creditor that payment of the amounts of the remaining instalments is demanded on the dates indicated.
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