Sch 4Statement of amount financed in relation to loan contract

Schedule 4 — Statement of amount financed in relation to loan contract [s. 36] 1. A statement of the amount financed shall state — (a) the amount agreed under the contract to be lent (other than amounts referred to in paragraphs (b) to (f)) — and shall include statements showing separately such amounts 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 — (b) amounts payable in respect of contracts of insurance (if any), entered into in relation to the contract showing separately in respect of each contract the name of the insurer and — (i) where there is a mortgage relating to the contract, amounts so payable in respect of insurance of property subject to the mortgage; and (ii) 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 (iii) 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 (iv) 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 [(v) deleted] (vi) 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 (vii) amounts so payable in respect of insurance against such other risks (in 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; and (c) amounts 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; and (d) amounts that are prescribed charges for the purposes of this paragraph; and (e) 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; and (f) 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 amounts referred to in the preceding paragraphs. [Clause 1 amended: No. 58 of 1992 s. 7(b)(i) and (ii).] 2. In clause 1, relevant date means the date on which the loan contract is entered into or, if the loan 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(b)(iii), nothing in this Schedule requires any further disclosure relating to that contract of life insurance. [Clause 3 inserted: No. 58 of 1992 s. 7(b)(iii).]