Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_82
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 82
Character Range: 874922–875801

82  Debtor's or guarantor's right to pay out contract
 (1) A debtor or guarantor is entitled to pay out the credit contract at any time.
 (2) The amount required to pay out a credit contract (other than a continuing credit contract) is the total of the following amounts:
 (a) the amount of credit;
 (b) either:
 (i) for a credit contract that is not a small amount credit contract—the interest charges and all other fees and charges payable by the debtor to the credit provider up to the date of termination; or
 (ii) for a small amount credit contract—all fees and charges payable by the debtor to the credit provider up to the date of termination, excluding any unexpired monthly fee;
 (c) reasonable enforcement expenses;
 (d) early termination charges, if provided for in the contract;
less any payments made under the contract and any rebate of premium under section 148.