Consumer Credit (Amendment) Act 2022

Amendment of section 102 of Act of 1995

11. Section 102 of the Act of 1995 is amended, by the substitution of the following subsection for subsection (1):

“(1) A high cost credit provider shall not make or attempt to make an agreement with a borrower who has borrowed or intends to borrow credit from that high cost credit provider for any—

(a) sum,

(b) account of costs,

(c) charges,

(d) collection charges, or

(e) expenses,

incidental to or relating to the negotiations for, or the granting of, the loan.”.