132.—Where a fee is payable by an applicant for a housing loan in respect of any of the following matters—

(a) the making, accepting or administering of an application for a loan,

(b) the valuation of the security for the loan,

(c) legal services in connection with the loan,

(d) services provided by a mortgage agent in relation to the loan, or

(e) non-acceptance of an offer or approval of a loan,

the mortgage agent shall ensure that a statement of reasonable prominence that such a fee is payable and specifying the amount of the fee or how such amount is determined and the circumstances in which it may be refunded, if such is the case shall be included in or attached to:

(i) any information document issued by or on behalf of the mortgage agent which refers or relates to such a loan,

(ii) any application form issued for the purposes of applying for such a loan or, where application for the loan is made otherwise than by way of an application form, issued to the applicant within 10 days of the receipt of the application, and

(iii) any document sent to the applicant approving the loan, in relation to the matters specified in paragraphs (b), (c), (d) and (e).