Mortgage – Debt. The Chancery Division considered the interpretation of s 77A of the Consumer Credit Act 1974, which required creditors to provide debtors with statements in relation to regulated fixed-sum credit agreements. The court held that, where a creditor had provided the debtor with a non-compliant statement, the period of non-compliance commenced on a date to be calculated as if no statement had been served at all, and the period of non-compliance began on the day following the last day on which a compliant statement could have been given.