Section 98A(4)

Where a regulated open-end consumer credit agreement, other than an excluded agreement, provides for termination or suspension by the creditor of the debtor's right to draw on credit— to terminate or suspend the right to draw on credit the creditor must serve a notice on the debtor before the termination or suspension or, if that is not practicable, immediately afterwards, the notice must give reasons for the termination or suspension, and the reasons must be objectively justified.

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