12A. Maximum amount for aggregate of interest, late interest and permitted fees

Despite rules 11 and 12, a licensee must not recover from a borrower of a loan, on account of interest, late interest or any fee permitted under rule 12(1)(a) or (b), an aggregate amount exceeding —

in the case of a revolving credit loan granted on or after 30 November 2018 — the amount that has been drawn down and not repaid at the time of the recovery; or

in any other case — the principal of the loan.