S.L. 376.10 Art. 9Obligation to provide pre- contractual information.    S.L. 330.07.

(1) Creditors shall, in good time before the consumer is bound by any credit agreement or offer, provide the consumer with clear and comprehensible pre-contractual information needed to take an informed decision on whether to conclude a credit agreement on the basis of the credit terms and conditions offered by the creditor, and where applicable, the preferences expressed and information supplied by the consumer:

Provided that such pre-contractual information shall also be provided to the consumer when means of distance communication is used as defined in the Distance Selling (Retail Financial Services) Regulations.

(2) When the pre-contractual information referred to in sub-regulation (1) is provided less than one (1) day before the consumer is bound by the credit agreement or offer, the creditor shall send a reminder to the consumer of the possibility to withdraw from the credit agreement and of the procedure to be followed for withdrawing in accordance with regulation 26: Provided that the reminder shall be provided on paper or on another durable medium chosen by the consumer and specified in the credit agreement, between one (1) and seven (7) days after the conclusion of the credit agreement or, where applicable, the submission of the binding credit offer by the consumer.

(3) The creditor shall be deemed to have fulfilled the information requirements in sub-regulation (1) and regulation 5(1)(a) and (b) of the Distance Selling (Retail Financial Services) Regulations when the pre-contractual information referred to in sub-regulation (1) has been provided on paper or on another durable medium chosen by the consumer by means of the Standard European Consumer Credit Information Form provided in the First Schedule and with all the information provided in the form being equally prominent.