S.L. 376.9 Art. 25Overrunning.

(1) Where a consumer enters into an agreement to open a current account and the consumer is allowed an overrun, the agreement shall also include the information referred to in regulation 10(1)(e). The creditor shall in any case, provide that information on paper or another durable medium on a regular basis.

(2) In the event of a significant overrunning exceeding a period of one (1) month, the creditor shall inform the consumer without delay of the overrunning in writing or on a durable medium of the amount involved, the borrowing rate and, of any penalties, charges or interest on arrears which are applicable.