Section 78(4)

Where running-account credit is provided under a regulated agreement, the creditor shall give the debtor statements in the prescribed form, and with the prescribed contents— showing according to the information to which it is practicable for him to refer, the state of the account at regular intervals of not more than twelve months, and where the agreement provides, in relation to specified periods, for the making of payments by the debtor, or the charging against him of interest or any other sum, showing according to the information to which it is practicable for him to refer the state of the account at the end of each of those periods during which there is any movement in the account.

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Source: legislation.gov.uk · retrieved 2026-07-30