3.4 Article 2(8) of CCD2

Article 2(8) provides for some national discretions to be applied to credit agreements that involve a total amount of credit of less than €200; or where the credit granted is free of interest and other charges; or where the credit has to be repaid within three months and only insignificant charges are payable. Member States may decide to exempt such credit agreements from the provisions of CCD2 relating to advertising, pre-contractual information on credit agreements and information to be included in credit agreements.

Question 4 – Should Ireland exempt credit agreements for amounts under €200 or that are interest free or that are repayable within three months from the provisions of CCD2 relating to advertising, pre contractual information on credit agreements, and information to be included in credit agreements?