council direct februari amend direct eec approxim law regul administr provis member state consum credit eec council european commun regard treati establish european econom commun articl thereof regard propos commiss cooper european parliament regard opinion econom social committe articl council direct eec introduct commun method method calcul annual percentag rate lcharg consum credit desir order promot establish function intern market ensur consum benefit high level protect method calcul annual percentag rate charg commun desir view introduc method accord definit total cost credit consum draw singl mathemat formula calcul annual percentag rate charg determin credit cost item calcul indic cost acount trasit period member state prior date notif direct appli law permit mathemat formula calcul annual percentag rate charg continu appli law expiri transit period light experi council basi propos commiss decis make appli singl commun mathemat formula desir adopt hypothes calcul annual percentag rate charg virtu special natur loan guarante mortgag secur immov properti desir credit continu partial exclud direct inform commun consum written contract amplifi adopt direct articl direct eec amend articl point replac quot total cost credit consum quot mean cost includ interest charg consum pai credit quot annual percentag rate charg quot mean total cost credit theconsum express annual percentag amount credit grant calcul accord articl articl insert articl annual percentag rate charg equival annual basi present commit loan repay charg futur exist agre creditor borrow calcul accord mathemat formula set annex ii exampl method calcul annex iii illustr purpos calcul annual percentag rate charg quot total cost credit consum quot defin articl determin except charg charg payabl borrow complianc commit laid credit agreement ii charg purchas price purchas good servic consum oblig pai transact paid cash credit iii charg transfer fund charg keep account intend receiv payment reimburs credit payment interest charg consum doesn ot reason freedom choic matter charg abnorm high provis appli charg collect reimburs payment made cash iv membership subscript associ group aris agreement separ credit agreement subscript effect credit term charg insur guarante includ design ensur payment creditor event death invalid ill unemploy consum sum equal total amount credit togeht relev interest charg impos creditor condit credit grant credit transact refer direct subject provis nation law forc march impos maximum limit annual percentag rate charg transact provis permit standard cost paragraph includ maximum limit member state sole respect transact includ aforement cost calcul annual percentag rate charg stipul direct provid requir case mention articl credit agreement consum inform amount inclus thereof payment made member state longer appli point date entri forc singl mathemat formula calcul annual percentag rate charg commun pursuant provis paragraph annual percentag rate charg calcul time credit contract conclud prejudic provis articl advertis special offer calcul made assumpt credit contract valid period agre creditor consum fulfil oblig term date agre transit measur notwithstand provis paragraph member state prior march appli legal provis mathemat formula annex ii calcul annual percentag rate charg continu appli formula territori period year start januari member state measur ensur mathemat formula calcul annual percentag rate charg territori month expiri time limit laid point commiss submit council report accompani propos make light experi appli singl commun mathemat formula calcul annual percentag rate charg council act qualifi major basi propos commiss decis januari case credit contract claus allow variat rate interest amount level charg contain annual percentag rate charg unquantifi time calcul annual percentag rate charg calcul assumpt interest charg remain fix appli end credit contract assumpt made calcul annual percentag rate charg contract credit limit amount credit grant equal amount fix relev member state exceed figur equival ecu fix timet repay deduc term agreement mean repai credit grant durat credit deem year contract repay date credit made repay made earliest time provid agreement articl replac provis articl articl appli credit agreement agreement promis grant credit secur mortgag immov properti exclud direct paragraph subparagraph ad articl statement amount number frequenc date payment consum make repai credit payment interest charg total amount payment statement cost item refer articl except expenditur relat breach contractu oblig includ calcul annual percentag rate charg paid consum circumst statement indentifi circumst exact amount item sum case method calcul accur estim possib provid articl delet annex annex point ad paragraph ix oblig consum save amount monei special account annex ii iii attach hereto ad articl member state measur cumpli direct decemb forthwith inform commiss thereof member state commun commiss text main provis nation law adopt field govern direct articl direct address member state brussel februari council presid mallei oj oj oj oj oj annex annex ii basic equat express equival loan hand repay charg ak tk tk mean letter symbol number loan number repay payment charg ak amount loan number amount repay number repres sum number loan number repay payment charg tk interv express year fraction year date loan subsequ loan no tk interv express year fraction year date loan repay payment charg no percentag rate calcul algebra success approxim comput programm term equat contract remark amount paid parti time necessarili equal necessarili paid equal interv start date loan interv date calcul express year fraction year annex iii exampl calcul sum loan ecu repaid singl payment ecu made month year date loan equat amount round depend state habitu practic percentag round decim sum agre ecu creditor retain ecu enquiri administr expens loan fact ecu repay ecu made month date loan equat round sum lent ecu repay amount ecu paid year equat solv algebra produc round fourth sum lent ecu amount paid borrow month year ecu month year ecu twelv month year ecu total ecu equat equat calcul success approxim program ocket comput result round