Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_84
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 84
Character Range: 876887–877598

84  Court may determine pay out figure if credit provider does not provide a pay out figure
 (1) If the credit provider does not provide a statement of the amount required to pay out a credit contract (other than a continuing credit contract) in accordance with this Part after a request is duly made by a debtor or guarantor, the court may, on the application of the debtor or guarantor, determine the amount payable on the date of determination, the amount by which it increases daily and the period for which the determination is applicable.
 (2) The credit contract is discharged if an amount calculated in accordance with the determination is tendered to the credit provider within the applicable period.