Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:72:p2
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 72 (pt 2/2)
Character Range: 322706–324466

contract document; and
 (b) the financial table may be preceded by information necessary to identify the loan.
 (7) If the precontractual statement consists of more than one document, the financial table need not be repeated.
 (8) If any of the relevant financial information can change under the credit contract because of a unilateral change by the credit provider:
 (a) a clear statement must be made in the financial table that it is subject to change and that the change can be made without the debtor's consent; and
 (b) a single statement may be made for 2 or more items of information that are subject to change.
 (9) An expression may be used for the purposes of the relevant financial information if the expression is defined in the precontractual statement.
 (10) The relevant date of disclosure of the information in the financial table may be set out in the financial table.
 (11) This regulation does not prevent a repetition of the relevant financial information in the financial table in any other form in connection with the remainder of the information under section 17 of the Code that is to be set out in the precontractual statement.
Note: Paragraph 16(1)(a) of the Code requires a credit provider to give a prospective debtor a precontractual statement setting out matters required by section 17 of the Code to be included in the credit contract document. The precontractual statement must be given before the credit contract is entered into or before the debtor makes an offer to enter into the contract, whichever first occurs.
 Under subsection 16(4) of the Code, the regulations may specify the financial information that is to be contained in the precontractual statement, and prescribe the form in which the information must appear.