The Consumer Credit (Amendment) Regulations 2010

Amendments to the Consumer Credit (Agreements) Regulations 2010U.K.

43.  In regulation 2 (agreements to which these regulations apply)—

(a)in paragraph (1) for “paragraphs (2) to (5)” substitute “paragraphs (1A) to (5)”;

(b)after paragraph (1) insert—

“(1A) These Regulations apply to an agreement to which section 58 of the Act applies where—

(a)before the creditor gives the debtor the unexecuted agreement for his signature the creditor gives the debtor a copy of the unexecuted agreement in compliance or purported compliance with regulations 3 and 7 of, and Schedules 1 and 2 to, these Regulations, and

(b)the copy of the unexecuted agreement contains a heading and notice as set out in regulation 4(a)(ii) and (b)(ii) respectively of the Consumer Credit (Cancellation Notices and Copies of Documents) Regulations 1983.”;

(c)in paragraph (3), in sub-paragraph (a) at the end insert “other than an agreement to which section 58 applies”.