S.L. 376.9 Art. 18Obligations in connection with credit agreements in the form of an overdraft facility.

(1) Where the credit agreement covers credit in the form of an overdraft facility:

(a) the consumer shall be entitled to be kept regularly informed in writing or on a durable medium by means of a statement of account of:

(i) the precise period to which the statement of account relates;

(ii) the amounts and dates of drawdowns;

(iii) the balance from the previous statement and the date thereof;

(iv) the new balance;

(v) the dates and amounts of payments made by the consumer;

(vi) the borrowing rate applied;

(vii) any charges that have been applied; and

(viii) where applicable, the minimum amount to be paid;

(b) in the event of a change in the borrowing rate or in any charges payable, the provisions of regulation 16 shall apply.