Consumer Credit Act 1995

Prohibition on increased charges for credit on default.


112.A F170[high cost credit agreement] shall be unenforceable against the borrower if it provides that the rate of charge for the credit may be increased or that any additional charge, other than legal costs, may apply in the event of a default in the payments due under the agreement.




Substituted (14.11.2022) by Consumer Credit (Amendment) Act 2022 (13/2022), s. 15(1) and sch. 1 part 1 item 37, S.I. No. 575 of 2022.