- Latest available (Revised)
- Original (As made)
The Consumer Credit (Total Charge for Credit) Regulations 1980
You are here:
- UK Statutory Instruments
- 1980 No. 51
- Explanatory Note
What Version
Opening Options
More Resources
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format. The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more
EXPLANATORY NOTE
These Regulations, which supersede the Consumer Credit (Total Charge for Credit) Regulations 1977, make provision for ascertaining the true cost to debtors of credit provided or to be provided under actual or prospective consumer credit agreements.
In Part II (Total Charge for Credit), they prescribe the items which are to be treated as entering into the true cost of the credit to the debtor and, in Part III (Rate of Total Charge for Credit), they provide for the calculation of the rate of the total charge as an annual percentage rate.
Part IV contains provisions dealing with assumptions which must be made for calculations in cases where relevant factors cannot be quantified at the time the calculations are to be made.
The Regulations make a number of changes from the 1977 Regulations. The principal change is that certain insurance premiums are not to be included in the total charge for credit (regulation 5(1)(g) to (k)).
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Explanatory Note only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.