Part 9 — Cost of Credit Disclosure Division 1 Interpretation and Application
79 Disclosure regarding amendments
changes because of an amendment to a credit agreement, the credit
grantor must deliver a supplementary disclosure statement to the
borrower within 30 days after the amendment is made.
(2) The supplementary disclosure statement must provide the
changed information but need not repeat any information that is
unchanged from the earlier disclosure statement.
(3) Where an amendment consists only of a revision to the
schedule of payments, the supplementary disclosure statement need
not disclose any change to the APR or any decrease in the total cost
of credit or total payments.
(4) This section does not apply to changes effected by a renewal
agreement to which section 80 or 81 applies.
1998 cF-1.05 s79