Section 32 — Credit Contracts and Consumer Finance Act 2003: Disclosure standards

32 Disclosure standards (1) Disclosure must— (a) be in writing in a disclosure statement; and (b) contain the information required by this Act; and (c) express the required information clearly, concisely, and in a manner likely to bring the information to the attention of a reasonable person; and (d) not be likely to deceive or mislead a reasonable person with regard to any particular that is material to the consumer credit contract, guarantee, consumer lease, or buy-back transaction (as the case may be). (2) A disclosure statement— (a) may be in a single document or a series of related documents: (b) may be included as part of 1 or more other documents. (3) If a creditor provides 2 or more credit facilities to a debtor under 1 or more consumer credit contracts, disclosure may be made in 1 or more disclosure statements. (4) The requirement to make disclosure in writing may be met by giving the required information in electronic form, whether by means of an electronic communication or otherwise, if— (a) the information is readily accessible so as to be usable for subsequent reference; and (b) the person to whom the disclosure is required to be made consents to the disclosure being made in electronic form and by means of an electronic communication, if applicable. (5) For the purposes of this section, a person may consent to the information being given in electronic form subject to conditions regarding the form of the information or the means by which the information is produced, sent, received, processed, stored, or displayed.