Credit Union Act 1997

37E

F57 [ Definition and calculation of 'APR' for the purposes of sections 37C and 37D .

F58 [ 37E. (1) For the purposes of sections 37C and 37D annual percentage rate of charge , in relation to a credit agreement entered into between a credit union and a member, means the annual percentage rate of charge as defined under Regulation 6 of the European Communities (Consumer Credit Agreements) Regulations 2010.

(2) The annual percentage rate of charge specified in a credit agreement shall be in accordance with Part 5 of the European Communities (Consumer Credit Agreements) Regulations 2010. ] ]