Sufficient statement of annual percentage rate

In force

It is sufficient compliance with the provisions of this Part that require the annual percentage rate to be stated in or in relation to a regulated contract under which the whole or any part of the credit charge is a predetermined credit charge if the annual percentage rate is—

(a)

stated as a rate greater than that required to be stated; or

(b)

stated as a rate less than that required to be stated by not more than one part in fifty of the rate required to be stated.

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78 Sufficient statement of annual percentage rate