Sch 2Statement of amount financed in relation to credit sale contract

Schedule 2 — Statement of amount financed in relation to credit sale contract [s. 35] 1. A statement of the amount financed shall state — (a) the amount (if any) paid for provided, or to be paid or provided, by way of deposit, showing separately the amounts paid or to be paid in money, the amounts provided or to be provided by a consideration other than money, and the amount included in the deposit on account of a trade‑in allowance (if any) and the person by whom the trade‑in allowance was given; and (b) the cash price of the goods or services; and (c) the balance of the cash price after deduction of the amount (if any) paid or provided, or to be paid or provided, by way of deposit, and shall include statements showing separately such amounts (not being amounts included in paragraph (a) or (b)) as, under the contract, are payable by the debtor to the credit provider (otherwise than as part of the credit charge) whether or not the credit provider pays, or has paid, those amounts to another person and are — (d) where the contract relates to goods, amounts payable in respect of — (i) charges for installation of the goods; or (ii) charges for maintenance of the goods; or (iii) charges for delivery of the goods to the debtor; or (iv) where the goods are, or include, a motor vehicle, boat or other vehicle or thing required to be registered or licensed, registration fees and (unless included in the statement under paragraph (e)) amounts payable in respect of compulsory insurance; (e) amounts payable in respect of contracts of insurance (if any) entered into in relation to, the contract, showing separately, in respect of each such contract the name of the insurer and — (i) where the contract relates to goods that, are, or include, a motor vehicle, boat or other vehicle or thing required to be registered or licensed, amounts so payable in respect of compulsory insurance (unless those amounts are included in a statement under paragraph (d)); and (ii) where there is a mortgage relating to the contract, amounts so payable in respect of insurance of property subject to the mortgage (other than compulsory insurance included in the statement under subparagraph (i) or under paragraph (d)); and (iii) where there is a mortgage relating to the contract, amounts so payable in respect of insurance against loss of the security interest of the mortgagee in any goods subject to the mortgage by reason of any Act; and (iv) amounts so payable in respect of insurance against sickness of, accidental injury to, or disability or death of, the debtor or against unemployment of the debtor or, where there is more than one debtor, amounts so payable in respect of such insurance in relation to the debtors; and (v) amounts so payable in respect of life insurance of the debtor or, where there is more than one debtor, amounts so payable in respect of life insurance of the debtors; and [(vi) deleted] (vii) amounts so payable in respect of insurance against loss of profits by the debtor or, where there is more than one debtor, amounts so payable in respect of insurance against loss of profits by the debtors; and (viii) amounts so payable in respect of insurance against such other risks (if any) as are prescribed, or, where an amount is payable in respect of a contract of insurance entered into in relation to the contract relating to one or more of the risks referred to in the preceding subparagraphs — that amount and a statement of the risks to which the amount relates; (f) amounts so payable in respect of — (ii) stamp duty payable in respect of or in relation to any mortgage relating to the contract entered into on or before the relevant date; or (iii) fees payable to a duly qualified legal practitioner (not being the credit provider or an employee of the credit provider) authorised to prepare documents for the contract or for a mortgage relating to the contract entered into at or before the time of the making of the contract; (g) amounts that are prescribed charges for the purposes of this paragraph; (h) amounts that are the consideration, or part of the consideration, for the discharge of the liability of the debtor to the credit provider under a contract in force before the relevant date, other than consideration referred to in a preceding paragraph; (i) amounts payable in respect of the value of any consideration provided by the credit provider to the debtor, being consideration of a kind prescribed for the purposes of this paragraph, other than consideration referred to in a preceding paragraph, and shall state the amount financed, being the sum of the balance of the cash price referred to in paragraph (c) and the total of the amounts referred to in paragraphs (d) to (i). [Clause 1 amended: No. 58 of 1992 s. 7(a)(i) and (ii).] 2. In clause 1, relevant date means the date on which the credit sale contract is entered into or, if the credit sale contract is entered into by the acceptance by the credit provider of an offer made by the debtor, the date on which the offer is made. 3. If an amount payable in relation to a contract of life insurance is included in an amount disclosed under clause 1(e)(iv), nothing in this Schedule requires any further disclosure relating to that contract of life insurance. [Clause 3 inserted: No. 58 of 1992 s. 7(a)(iii).]