Section 77 — Duty to give information to debtor under fixed-sum credit agreement.

(1) The creditor under a regulated agreement for fixed-sum credit, within the prescribed period after receiving a request in writing to that effect from the debtor and payment of a fee of [F1 £1], shall give the debtor a copy of the executed agreement (if any) and of any other document referred to in it, together with a statement signed by or on behalf of the creditor showing, according to the information to which it is practicable for him to refer,—

(a) the total sum paid under the agreement by the debtor;

(b) the total sum which has become payable under the agreement by the debtor but remains unpaid, and the various amounts comprised in that total sum, with the date when each became due; and

(c) the total sum which is to become payable under the agreement by the debtor, and the various amounts comprised in that total sum, with the date, or mode of determining the date, when each becomes due.

(2) If the creditor possesses insufficient information to enable him to ascertain the amounts and dates mentioned in subsection (1)(c), he shall be taken to comply with that paragraph if his statement under subsection (1) gives the basis on which, under the regulated agreement, they would fall to be ascertained.

(2A) [F2 Subsection (2B) applies if the regulated agreement is a green deal plan (within the meaning of section 1 of the Energy Act 2011).]

(2B) [F2 The duty imposed on the creditor by subsection (1) may be discharged by another person acting on the creditor's behalf.]

(3) Subsection (1) does not apply to—

(a) an agreement under which no sum is, or will or may become, payable by the debtor, or

(b) a request made less than one month after a previous request under that subsection relating to the same agreement was complied with.

(4) If the creditor under an agreement fails to comply with subsection (1)—

(a) he is not entitled, while the default continues, to enforce the agreement; . . .

(5) This section does not apply to a non-commercial agreement [F3 or to a regulated deferred payment credit agreement].

Amendment notes

1. F1 "£1" substituted (1.5.1998) in s. 77(1) by S.I. 1998/997, art. 3, Sch.
2. F2 S. 77(2A)(2B) inserted (E.W.S.) (28.1.2013) by Energy Act 2011 (c. 16), ss. 27(2), 121(1); S.I. 2013/125, art. 3(b)
3. F3 Words in s. 77(5) inserted (15.7.2025 for specified purposes, 15.7.2026 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025 (S.I. 2025/859), arts. 1(2)(3), 2(9)