S.I. No. 132/1996 - Consumer Credit Act, 1995 (Section 129) Regulations, 1996.

1. These Regulations may be cited as the

Consumer Credit Act, 1995

(Section 129) Regulations, 1996.

2. The form of notice set out in the Schedule to these Regulations shall be in lieu of the form of notice set out in Part II of the Third Schedule to the

Consumer Credit Act, 1995

(No. 24 of 1995).

SCHEDULE

Form of Notice to be included on front page of a housing loan

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.

Total amount repayable

:£

6.

Cost of this credit (5 minus 1)

:£

7.

APR*

8.

Amount of endowment premium (if applicable)

:£

9.

Amount of mortgage protection premium (if applicable)

:£

10.

Effect on amount of instalment of 1% increase in first year in interest rate**

:£

*Annual percentage rate of charge.

**This is the amount by which the instalment repayment will increase in the event of a 1% increase at the start of the first year in the interest rate on which the above calculations are based.

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 II of the Third Schedule to the

Consumer Credit Act, 1995

with the form of notice set out in the Schedule to these Regulations.

S.I. No. 132 of 1996.

CONSUMER CREDIT ACT, 1995 (SECTION 129) REGULATIONS, 1996.

I, RICHARD BRUTON, Minister for Enterprise and Employment, in exercise of the powers conferred on me by section 129 of the Consumer Credit Act. 1995 (No. 24 of 1995), hereby make the following Regulations