Section 95B(3)

The amount in subsection (2)— must be fair, must be objectively justified, must be calculated by the creditor in accordance with provision made for the purposes of this section in regulations, and must not exceed the total amount of interest that would have been paid by the debtor under the agreement in the period from the date on which the debtor makes the payment under section 94 to the date fixed by the agreement for the discharge of the indebtedness of the debtor.

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