S.L. 378.10 Art. 4Obligation to comply with regulations.

(1) A creditor and a credit intermediary shall take all necessary steps to ensure full compliance with these regulations.

(2) A credit intermediary shall:

(a) indicate in advertising and documentation intended for consumers, the extent of his powers, in particular whether he is a tied credit intermediary, and in such case, whether he acts on behalf of and under the full and unconditional responsibility of only one creditor, only one group, or a number of creditors or groups which does not represent the majority of the market;

(b) disclose the fee, if any, payable by the consumer for his services, which fee shall be agreed in writing or on a durable medium between the consumer and the credit intermediary before the conclusion of the credit agreement; and

(c) disclose the fee, if any, payable by the consumer to the credit intermediary for his services to the creditor for the purpose of calculating the annual percentage rate of charge.