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Consumer Credit Act 2006

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Agreements regulated under the 1974 Act etc.U.K.

1Definition of ‘individual’U.K.

In section 189(1) of the 1974 Act (definitions) for the definition of “individual” substitute—

individual” includes—

(a)a partnership consisting of two or three persons not all of whom are bodies corporate; and

(b)an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership;.

Commencement Information

I1S. 1 in force at 6.4.2007 by S.I. 2007/123, art. 3(2), Sch. 2 (with arts. 4, 5)

2Removal of financial limits etc.U.K.

(1)In section 8 of the 1974 Act (which defines consumer credit agreements)—

(a)in subsection (1) for “personal” substitute “ consumer ”;

(b)subsection (2) shall cease to have effect.

(2)In section 15(1) of that Act (which defines consumer hire agreements) paragraph (c) and the “and” immediately preceding it shall cease to have effect.

F1(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1S. 2(3) omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 10(a)

Commencement Information

I2S. 2(1) in force at 6.4.2008 for specified purposes by S.I. 2008/831, art. 3(1), Sch. 2 (with art. 4, Sch. 1)

I3S. 2(1) in force at 31.10.2008 in so far as not already in force by S.I. 2008/831, art. 3(2), Sch. 3 (with art. 4)

I4S. 2(2)(3) in force at 6.4.2008 by S.I. 2008/831, art. 3(1), Sch. 2

F23Exemption relating to high net worth debtors and hirersU.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F2S. 3 omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 10(a)

F34Exemption relating to businessesU.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F3S. 4 omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 10(a)

5Consequential amendments relating to ss. 1 to 4U.K.

F4(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)In section 10 of that Act (running-account credit and fixed-sum credit)—

(a)in subsection (1) for “personal” wherever occurring substitute “ consumer ”;

F5(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F6(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F6(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)In subsection (1) of section 158 of that Act (duty of credit reference agency to disclose filed information) for paragraph (a) substitute—

(a)a request in writing to that effect from a consumer,.

(6)After subsection (4) of that section insert—

(4A)In this section ‘consumer’ means—

(a)a partnership consisting of two or three persons not all of whom are bodies corporate; or

(b)an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership.

(7)In section 181(1) and (2) of that Act (power to alter monetary limits etc.) for “8(2), 15(1)(c)” substitute “ 16B(1) ”.

(8)In subsection (5) of section 185 of that Act (agreement with more than one debtor or hirer)—

(a)in paragraph (b) for “a body corporate” substitute “ not an individual ”;

(b)for “the body corporate or bodies corporate” substitute “ each person within paragraph (b) ”.

(9)In subsection (6) of that section after “a body corporate” insert “ within paragraph (b) of that subsection ”.

F7(10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F4S. 5(1) omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 10(a)

F5S. 5(2)(b) omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 10(a)

F6S. 5(3)(4) omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 10(a)

F7S. 5(10) omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 10(a)

Commencement Information

I5S. 5(1)-(4) (7) (10) in force at 6.4.2008 by S.I. 2007/3300, art. 3(2), Sch. 2

I6S. 5(5)(6)(8)(9) in force at 6.4.2007 by S.I. 2007/123, art. 3(2), Sch. 2

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