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The Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) (Amendment) Regulations 1999
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- UK Statutory Instruments
- 1999 No. 2725
- PART II
- Regulation 4
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Foreign currency credit agreements secured on land
4. A trader shall, when he provides a quotation to a prospective customer in connection with a prospective personal credit agreement which would be secured on land and under which repayments of credit would be made in a currency other than sterling, include in that quotation the following statement in the specified form, or cause it to be included—
“The sterling equivalent of your liability under a foreign currency mortgage may be increased by exchange rate movements.”.
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