1989 No. 596
The Consumer Credit (Total Charge for Credit and Rebate on Early Settlement) (Amendment) Regulations 1989
Made
Laid before Parliament
Coming into force
The Secretary of State, in exercise of his powers under sections 20, 95 and 182(2) of the Consumer Credit 19741 and of all other powers enabling him in that behalf, hereby makes the following Regulations:
1
These Regulations may be cited as the Consumer Credit (Total Charge for Credit and Rebate on Early Settlement) (Amendment) Regulations 1989 and shall come into force on 30th June 1989.
2
The Consumer Credit (Total Charge for Credit) Regulations 19802 are hereby amended–
a
in regulation 1(2), in the definition of “transaction”, by inserting after the words “any contract for the provision of security relating to the agreement” the words “, any credit brokerage contract relating to the agreement”; and
b
in regulation 5(1)(d), by inserting, after the words “any charge”, the words “(other than a fee or commission charged by a credit-broker)”.
3
The Consumer Credit (Rebate on Early Settlement) Regulations 19833 are hereby amended in regulation 3(2) by adding after subparagraph (c) the following–
d
any fee or commission paid by the debtor or a relative of his under a credit brokerage contract relating to the agreement.
(This note is not part of the Regulations)