Section 92 — Credit Contracts and Consumer Finance Act 2003: Guidelines for reducing statutory damages

92 Guidelines for reducing statutory damages In deciding whether to make an order under section 91 and the terms and conditions applying to an order under that section, the Court must have regard to the following matters: (a) the role that statutory damages have in providing incentives for compliance with this Act: (b) whether the creditor or lessor has an appropriate compliance programme: (c) the extent of, and the reasons for, the breach or breaches: (d) the extent to which any person has been prejudiced by the breach or breaches: (e) the extent to which the creditor, lessor, transferee, or buy-back promoter has compensated, or agreed to compensate, the persons who are affected by the breach or breaches: (f) any other matters that the Court thinks fit.