206. Rate computation and disclosure.

206. Rate computation and disclosure.

Consumer Credit (Volume 21 (2022)) | Commentary

Any calculation of the total charge for credit under the rules of the Consumer Credit Sourcebook ('CONC') for certain agreements secured on land1 must be made on the following assumptions:

  1.  

    (1)     the assumption that the borrower will normally not be entitled to any income tax relief relating to the transaction2;

  2.  

    (2)     the assumption that no assistance is given under the relevant