Consumer Credit (Amendment) Act 2022

Amendment of section 92 of Act of 1995

5. Section 92 of the Act of 1995 is amended, in subsection (2), by the insertion of the following definitions:

“‘financial services legislation’ has the same meaning as it has in the Central Bank (Supervision and Enforcement) Act 2013 ;

‘rate of nominal monthly interest’ means the advertised or stated monthly interest rate, without taking into account any fees, but including any compounding of interest applicable;”.