30.Section 10 inserts a new section 86C after the new section 86B inserted into the 1974 Act by section 9 of the 2006 Act. Section 86C requires that a creditor must give to the debtor notices of sums in arrears in respect of regulated agreements that are running account agreements. A creditor must give to a debtor a notice in the specified form, including an arrears information sheet after a point in time where:
	the debtor should have made at least two repayments before that time;
	the last two payments required before that time have not been made;
	the creditor has not already been required to provide the debtor with a notice of sums in arrears in relation to either of those payments; and
	there is no sum payable by the debtor under a judgment given before the time in relation to the credit agreement.
31.The creditor must give the notice at a time no later than the time that he is required to give the debtor the next regular statement due under section 78(4) of the 1974 Act.
Default under Regulated Agreements Section 10: Notice of sums in arrears under running-account credit agreements