A statement of account in respect of a small agreement must be in Form 26 or must contain the following information:
| (a) |
The details of the credit provider, including: |
| (i) |
the name of the credit provider |
| (ii) |
the trading name of the credit provider, if any |
| (iii) |
the credit provider’s registration number issued by the National Credit Regulator; |
| (iv) |
the physical address and postal address of the credit provider; |
| ( v) |
the telephone number of the credit provider; |
| (vi) |
where relevant, the details of the bank account into which the consumer’s payment must be made, including name of bank, account number, branch code and reference number; |
| (b) |
The details of the consumer, including |
| (ii) |
the consumer’s account number or reference number |
| (iii) |
the consumer’s address; |
| (c) |
The date of the statement; |
| (d) |
The period covered by the statement; |
| (e) |
Details of the agreement including (if applicable): |
| (ii) |
the annual rate of interest |
| (iii) |
the installment amount |
| (iv) |
the frequency of the installment |
| (v) |
the balance outstanding at the date of statement |
| (vi) |
whether the account is in arrears, and if so, the amount of such arrears; |
| (f) |
A summary of the transactions that occurred during the period of the statement, including the total amount debited or credited to the account in respect of the following: |
| (iv) |
insurance costs levied |
| (v) |
collection costs levied |
| (vi) |
default administration costs levied |
| (vii) |
legal fees incurred; |
| (g) |
A detailed statement of each transaction that occurred during the period of the statement including the following: |
| (i) |
closing balance from the previous statement |
| (ii) |
the date of each transaction |
| (iii) |
a description of the transaction |
| (iv) |
the amount of the transaction and whether it is a debit or credit on the account |
| (vi) |
the closing balance. |
Public Service Commission Act, 1997
