For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.

Traders also bound by 826 other Acts (top 5 shown)

Value Added Tax Regulations 1995 1995 413 duties
Companies Act 2006 2006 243 duties
The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
Insolvency (England and Wales) Rules 2016 2016 62 duties
Building Societies Act 1986 1986 56 duties

Any Person also bound by 2338 other Acts (top 5 shown)

Human Medicines Regulations 2012 2012 169 duties
Merchant Shipping Act 1995 1995 144 duties
Insolvency (England and Wales) Rules 2016 2016 101 duties
Road Traffic Act 1988 1988 95 duties
Air Navigation Order 2016 2016 95 duties

Applicants also bound by 294 other Acts (top 5 shown)

Insolvency (England and Wales) Rules 2016 2016 46 duties
Human Medicines Regulations 2012 2012 30 duties
The Land Registration Rules 2003 2003 25 duties
Value Added Tax Regulations 1995 1995 18 duties
Space Industry Regulations 2021 2021 14 duties

Directors and Officers also bound by 425 other Acts (top 5 shown)

Insolvency (England and Wales) Rules 2016 2016 161 duties
Companies Act 2006 2006 108 duties
Insolvency Act 1986 1986 72 duties
The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 55 duties
The Housing Administration (England and Wales) Rules 2018 2018 26 duties

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Part I — OFFICE OF FAIR TRADING

Browse 8 other sections in this Part — procedural / definitional / commencement

s.001

General functions of OFT.

s.002

Powers of Secretary of State.

s.003

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

s.004

Dissemination of information and advice.

s.005

Annual and other reports.

s.006

Form etc. of applications.

s.006

Charge on applicants for licences etc.

s.007

Penalty for false information.

Part II — Credit Agreements, Hire Agreements and Linked Transactions

Browse 16 other sections in this Part — procedural / definitional / commencement

s.008

Consumer credit agreements.

s.009

Meaning of credit.

s.010

Running-account credit and fixed-sum credit.

s.011

Restricted-use credit and unrestricted-use credit.

s.012

Debtor-creditor supplier agreements.

s.013

Debtor-creditor agreements.

s.014

Credit-token agreements.

s.015

Consumer hire agreements.

s.016

Exempt agreements.

s.016

Exemption relating to high net worth debtors and hirers

s.016

Exemption relating to businesses

s.016

Exemption relating to investment properties

s.017

Small agreements.

s.018

Multiple agreements.

s.019

Linked transactions.

s.020

Total charge for credit

Part III — Licensing of Credit and Hire Businesses

Browse 50 other sections in this Part — procedural / definitional / commencement

s.021

Businesses needing a licence.

s.022

Standard and group licences.

s.023

Authorisation of specific activities.

s.024

Control of name of business.

s.024

Applications for standard licences

s.025

Licensee to be a fit person.

s.025

Guidance on fitness test

s.026

Conduct of business

s.027

Determination of applications.

s.027

Consumer credit EEA firms

s.028

Exclusion from group licence.

s.028

Charges to be paid by licensees etc. before end of payment periods

s.028

Extension of period to pay charge under s. 28A

s.028

Failure to pay charge under s. 28A

s.029

Renewal.

s.030

Variation by request.

s.031

Compulsory variation.

s.032

...revocation.

s.032

Power to suspend licence

s.032

Duration of suspension

s.033

Application to end suspension.

s.033

Power of OFT to impose requirements on licensees

s.033

Power of OFT to impose requirements on supervisory bodies

s.033

Supplementary provision relating to requirements

s.033

Procedure in relation to requirements

s.033

Guidance on requirements

s.034

Representations to OFT.

s.034

Winding-up of standard licensee's business

s.034

Representations to OFT: suspension under section 32A

s.035

The register.

s.036

Duty to notify changes.

s.036

Further duties to notify changes etc.

s.036

Power of OFT to require information generally

s.036

Power of OFT to require access to premises

s.036

Entry to premises under warrant

s.036

Failure to comply with information requirement

s.036

Officers of enforcement authorities other than OFT

s.037

Death, bankruptcy etc. of licensee.

s.038

Application of s. 37 to Scotland and Northern Ireland.

s.039

Offences against Part III.

s.039

Power of OFT to impose civil penalties

s.039

Further provision relating to civil penalties

s.039

Statement of policy in relation to civil penalties

s.040

Enforcement of agreements made by unlicensed trader.

s.040

The Consumer Credit Appeals Tribunal

s.041

Appeals to First-tier Tribunal under Part III.

s.041

Appeals from the Consumer Credit Appeals Tribunal

s.041

Tribunal Procedure Rules: suspension of OFT determinations

s.041

Disposal of appeals

s.042

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

Part IV — Seeking Business

s.049

Prohibition of canvassing debtor-creditor agreements off trade premises.

2 years imprisonment

Illegal canvassing of credit agreements off trade premises Any Person

s.050

Circulars to minors.

Unlimited fine

Sending credit or hire advertisements to minors Any Person

Browse 12 other sections in this Part — procedural / definitional / commencement

s.043

Advertisements to which Part IV applies.

s.044

Form and content of advertisements.

s.045

Prohibition of advertisement where goods etc. not sold for cash.

s.046

False or misleading advertisements.

s.047

Advertising infringements.

s.048

Definition of canvassing off trade premises (regulated agreements).

s.051

Prohibition of unsolicited credit-tokens.

s.051

Restrictions on provision of credit card cheques

s.051

Section 51A: exemption for business

s.052

Quotations.

s.053

Duty to display information.

s.054

Conduct of business regulations.

Part V — Entry into Credit or Hire Agreements

s.055

Disclosure of information.

Provide required information to customers before signing credit agreements Trader

s.055

Copy of draft consumer credit agreement

Provide draft credit agreement copy on request Trader

s.057

Withdrawal from prospective agreement.

Treat a customer's withdrawal from a credit application as a formal cancellation Trader

s.058

Opportunity for withdrawal from prospective land mortgage.

Give debtors a withdrawal notice before sending land-secured credit agreements for signature Trader

s.059

Agreement to enter future agreement void.

Do not use contracts that force customers into future credit agreements Trader

s.060

Form and content of agreements.

Other duties (1) — Crown / regulator

The Treasury must set rules for the form and content of credit agreements Crown / Minister / Government department

s.061

Duty to supply copy of executed consumer credit agreement

Give the customer a copy of their signed credit agreement Trader

s.061

Duty to supply copy of overdraft agreement

Provide a copy of the overdraft agreement to the customer Trader

s.062

Duty to supply copy of unexecuted agreement : excluded agreements.

Provide a copy of the credit agreement to the customer for signature Trader

s.063

Duty to supply copy of executed agreement : excluded agreements.

Provide customers with a copy of their signed credit agreement Trader

s.064

Duty to give notice of cancellation rights.

Provide formal notice of cancellation rights to customers Trader

s.066

Acceptance of credit-tokens.

Ensure credit tokens are accepted before charging customers Trader

s.066

Withdrawal from consumer credit agreement

Accept and process customer withdrawals from consumer credit agreements Trader

s.071

Cancellation: repayment of credit.

Calculate and request repayment of credit following cancellation Trader

Browse 12 other sections in this Part — procedural / definitional / commencement

s.055

Pre-contractual explanations etc

s.055

Assessment of creditworthiness

s.056

Antecedent negotiations.

s.061

Signing of agreement.

s.065

Consequences of improper execution.

s.067

Cancellable agreements.

s.068

Cooling-off period.

s.069

Notice of cancellation.

s.070

Cancellation: recovery of money paid by debtor or hirer.

s.072

Cancellation: return of goods.

s.073

Cancellation: goods given in part-exchange.

s.074

Exclusion of certain agreements from Part V.

Part VA — CURRENT ACCOUNT OVERDRAFTS

Browse 2 other sections in this Part — procedural / definitional / commencement

s.074

Information to be provided on a current account agreement

s.074

Information to be provided on significant overdrawing without prior arrangement

Part VI — Matters Arising During Currency of Credit or Hire Agreements

s.077

Duty to give information to debtor under fixed-sum credit agreement.

Provide a copy of the credit agreement and statement of account on request Trader

s.077

Statements to be provided in relation to fixed-sum credit agreements

Provide annual statements to fixed-sum credit customers Trader

s.077

Fixed-sum credit agreement: statement of account to be provided on request

Provide statement of account on request for fixed-sum credit agreements Trader

s.078

Duty to give information to debtor under running-account credit agreement.

Provide account statements and agreement copies to credit customers Trader

s.078

Duty to give information to debtor on change of rate of interest

Notify debtors in writing before changing interest rates Trader

s.080

Debtor or hirer to give information about goods.

Unlimited fine

Fail to disclose the location of hired or financed goods Any Person

s.085

Duty on issue of new credit-tokens.

Provide copy of agreement when issuing replacement credit-tokens Trader

s.086

FCA to prepare information sheets on arrears and default

Other duties (1) — Crown / regulator

FCA must provide information sheets for customers in arrears or default Statutory regulator

s.086

Notice of sums in arrears under running-account credit agreements

Send a notice and information sheet when a credit account falls into arrears Trader

s.086

Failure to give notice of sums in arrears

Send arrears notices to avoid losing the right to interest and enforcement Trader

s.086

Notice of default sums

Notify debtors of default sums within the prescribed period Trader

s.086

Interest on default sums

Use only simple interest on default charges Trader

Browse 11 other sections in this Part — procedural / definitional / commencement

s.075

Liability of creditor for breaches by supplier.

s.075

Further provision for liability of creditor for breaches by supplier

s.076

Duty to give notice before taking certain action.

s.079

Duty to give hirer information.

s.081

Appropriation of payments.

s.082

Variation of agreements.

s.082

Assignment of rights

s.083

Liability for misuse of credit facilities.

s.084

Misuse of credit-tokens.

s.086

Death of debtor or hirer.

s.086

Notice of sums in arrears under fixed-sum credit agreements etc.

Part VII — Default and Termination

s.088

Contents and effect of default notice.

Issue compliant default notice before enforcing a credit agreement Trader

s.089

Compliance with default notice.

Remedy a credit agreement breach to avoid legal consequences Trader

s.091

Consequences of breach of s. 90.

Return protected goods only through a court order Trader

s.092

Recovery of possession of goods or land.

Obtain a court order before repossessing goods or land Trader

s.093

Interest not to be increased on default.

Do not increase interest rates when a customer defaults Trader

s.094

Right to complete payments ahead of time.

Allow customers to settle credit agreements early Trader

s.095

Rebate on early settlement.

Other duties (1) — Crown / regulator

CROWN must make regulations for rebates on early credit settlement Crown / Minister / Government department

s.095

Compensatory amount

Limit compensation charges for early repayment of fixed-rate loans Trader

s.097

Duty to give information on partial repayment

Provide written statement when a customer partially repays credit and asks for one Trader

s.098

Termination etc of open-end consumer credit agreements

Allow debtors to terminate open-end credit agreements free of charge Trader

s.100

Liability of debtor on termination of hire-purchase etc. agreement.

Calculate and collect final payments on terminated hire-purchase agreements Trader

s.101

Right to terminate hire agreement.

Amended 8 times

s.102

Agency for receiving notice of rescission.

Amended 1 time

Accept rescission notices via brokers or agents Trader

s.103

Termination statements.

Amended 3 times

Respond to a customer's request for a termination statement Trader

Browse 9 other sections in this Part — procedural / definitional / commencement

s.087

Need for default notice.

s.090

Retaking of protected hire-purchase etc. goods.

s.093

Summary diligence not competent in Scotland.

s.095

Compensatory amount: green deal finance

s.096

Effect on linked transactions.

s.097

Duty to give information.

s.098

Duty to give notice of termination (non-default cases).

s.099

Right to terminate hire-purchase etc. agreements.

s.104

Goods not to be treated as subject to landlord’s hypothec in Scotland.

Part VIII — Security

s.106

Ineffective securities.

Manage and return property related to ineffective securities Trader

s.107

Duty to give information to surety under fixed-sum credit agreement.

Amended 2 times

Provide agreement and payment information to guarantors on request Trader

s.108

Duty to give information to surety under running-account credit agreement.

Amended 2 times

Provide agreement and account information to sureties on request Trader

s.109

Duty to give information to surety under consumer hire agreement.

Amended 2 times

s.110

Duty to give information to debtor or hirer.

Amended 3 times

s.111

Duty to give surety copy of default etc. notice.

Send copy of default or termination notices to any guarantors Trader

s.112

Realisation of securities.

Amended 1 time

s.113

Act not to be evaded by use of security.

Amended 3 times

Do not use security to bypass consumer credit protections Trader

s.114

Pawn-receipts.

Unlimited fine Amended 1 time

Unlawfully taking a pawn from a minor Any Person

s.115

Penalty for failure to supply copies of pledge agreement, etc.

Amended 1 time

s.118

Loss etc. of pawn-receipt.

Amended 1 time

Accept alternative documents if a pawn-receipt is lost Trader

s.119

Unreasonable refusal to deliver pawn.

Unlimited fine Amended 2 times

Unreasonably refuse to return pawned goods Any Person

s.120

Consequence of failure to redeem.

Amended 2 times

Transfer of ownership or right to sell unredeemed pawns Trader

s.123

Restrictions on taking and negotiating instruments.

Amended 1 time

Do not take or negotiate certain negotiable instruments for consumer credit debts Trader

s.124

Consequences of breach of s. 123.

Obtain a court order to enforce credit agreements after a legal breach Trader

s.125

Holders in due course.

Indemnify protected persons for liability on improperly taken instruments Trader

s.126

Enforcement of land mortgages.

Amended 4 times

Browse 5 other sections in this Part — procedural / definitional / commencement

s.105

Form and content of securities.

s.116

Redemption period.

s.117

Redemption procedure.

s.121

Realisation of pawn.

s.122

Order in Scotland to deliver pawn.

Part IX — Judicial Control

s.127

Enforcement orders in cases of infringement.

Amended 4 times

s.128

Enforcement orders on death of debtor or hirer.

Other duties (1) — Crown / regulator

Courts must only enforce credit agreements after death if debt is at risk Tribunal / Court

s.129

Time orders.

Amended 3 times

Other duties (1) — Crown / regulator

Courts may issue time orders to reschedule debt or hire payments Tribunal / Court

s.129

Debtor or hirer to give notice of intent etc. to creditor or owner

Amended 3 times

Give 14 days' notice before applying for a court Time Order Trader

s.134

Evidence of adverse detention in hire-purchase etc. cases.

Establish legal possession of goods when a customer refuses to return them Trader

s.136

Power to vary agreements and securities.

Amended 1 time

s.137

Extortionate credit bargains.

Amended 1 time

s.143

Jurisdiction of county court in Northern Ireland.

Amended 3 times

Browse 16 other sections in this Part — procedural / definitional / commencement

s.130

Supplemental provisions about time orders.

s.130

Interest payable on judgment debts etc.

s.131

Protection orders.

s.132

Financial relief for hirer.

s.133

Hire-purchase etc. agreements: special powers of court.

s.135

Power to impose conditions, or suspend operation of order.

s.138

When bargains are extortionate.

s.139

Reopening of extortionate agreements.

s.140

Interpretation of sections 137 to 139.

s.140

Unfair relationships between creditors and debtors

s.140

Powers of court in relation to unfair relationships

s.140

Interpretation of ss. 140A and 140B

s.140

Advice and information

s.141

Jurisdiction and parties.

s.142

Power to declare rights of parties.

s.144

Appeal from county court in Northern Ireland.

Part X — Ancillary Credit Businesses

s.145

Types of ancillary credit business.

Amended 14 times

s.146

Exceptions from section 145.

Amended 12 times

s.147

Application of Part III.

Amended 4 times

s.148

Agreement for services of unlicensed trader.

Amended 7 times

s.149

Regulated agreements made on introductions by unlicensed credit-broker.

Amended 7 times

s.150

Appeals to Secretary of State against licensing decisions.

Amended 1 time

s.151

Advertisements.

Amended 6 times

s.152

Application of sections 52 to 54 to credit brokerage etc.

Amended 1 time

s.154

Prohibition of canvassing certain ancillary credit services off trade premises.

2 years imprisonment Amended 1 time

Illegal canvassing of credit and debt services Any Person

s.155

Right to recover brokerage fees.

Amended 7 times

s.156

Entry into agreements.

Amended 1 time

s.157

Duty to disclose name etc. of agency.

Unlimited fine Amended 10 times

Failure to disclose credit reference agency details Any Person

s.158

Duty of agency to disclose filed information.

Unlimited fine Amended 7 times

Fail to provide a copy of a credit file upon request Any Person

s.159

Correction of wrong information.

Unlimited fine Amended 13 times

Fail to comply with an order to correct credit files Any Person

s.160

Alternative procedure for business consumers.

Unlimited fine Amended 8 times

Fail to follow alternative disclosure rules for business credit files Any Person

s.160

Credit intermediaries

Amended 8 times

Browse 1 other section in this Part — procedural / definitional / commencement

s.153

Definition of canvassing off trade premises (agreements for ancillary credit services).

Part XI — Enforcement of Act

s.161

Enforcement authorities.

Amended 7 times

Other duties (1) — Crown / regulator

Weights and measures authorities must report to the FCA on request Local authority

s.162

Powers of entry and inspection.

Amended 16 times

s.163

Compensation for loss.

Amended 3 times

s.164

Power to make test purchases etc.

Amended 2 times

s.165

Obstruction of authorised officers.

Amended 5 times

s.166

Notification of convictions and judgments to FCA.

Amended 4 times

Other duties (1) — Crown / regulator

Courts may notify the FCA of business-related convictions or judgments Tribunal / Court

s.167

Penalties.

Amended 5 times

s.168

Defences.

Notify the prosecutor if you rely on a third party for your legal defence Any Person

s.169

Offences by bodies corporate.

2 years imprisonment

Personal liability of officers for business credit offences Director or Officer

s.170

No further sanctions for breach of Act.

Amended 3 times

Other duties (1) — Crown / regulator

FCA may consider any breach when exercising its regulatory functions Statutory regulator

s.171

Onus of proof in various proceedings.

Amended 2 times

s.172

Statements by creditor or owner to be binding.

Ensure statements and balance notices provided to customers are accurate Trader

s.173

Contracting-out forbidden.

Amended 3 times

Part XII — Supplemental

s.174

Restrictions on disclosure of information.

Amended 12 times

s.174

Powers to require provision of information or documents etc.

Amended 12 times

s.175

Duty of persons deemed to be agents.

Unlimited fine

Pass on payments and notices received as an agent immediately Trader

s.176

Service of documents.

Amended 2 times

s.176

Electronic transmission of documents

Amended 2 times

s.177

Saving for registered charges.

Amended 4 times

s.178

Local Acts.

Amended 1 time

s.180

Power to prescribe form etc. of copies.

Amended 1 time

s.181

Power to alter monetary limits etc.

Amended 11 times

s.182

Regulations and orders.

Amended 10 times

s.183

Determinations etc. by FCA.

Amended 4 times

s.184

Associates.

Amended 6 times

s.185

Agreement with more than one debtor or hirer.

Amended 6 times

s.186

Agreement with more than one creditor or owner.

Unlimited fine

Interact with any co-owner or co-creditor to fulfill legal requirements Trader

s.188

Examples of use of new terminology.

Amended 1 time

s.189

Definitions.

Amended 57 times

s.189

Meaning of “consumer credit EEA firm ”

Amended 57 times

s.189

Green deal plans

Amended 57 times

s.189

Section 189B: supplementary provision

Amended 57 times

s.189

Section 189B: temporary provision

Amended 57 times

s.190

Financial provisions.

Amended 2 times

s.191

Special provisions as to Northern Ireland.

Amended 5 times

Browse 5 other sections in this Part — procedural / definitional / commencement

s.179

Power to prescribe form etc. of secondary documents.

s.187

Arrangements between creditor and supplier.

s.187

Definition of ‘default sum’

s.192

Transitional and commencement provisions, amendments and repeals.

s.193

Short title and extent.

Schedules

s.sch001

Prosecution and Punishment of Offences

1 year imprisonment

Unlawfully solicit credit agreements away from business premises Any Person

s.sch004

In section 2, for subsection (1) substitute— No person shall after the coming into force of this...

Ensure trading stamps have clear face value in British currency Any Person

s.sch004

In section 2, for subsection (1) substitute—

Ensure all trading stamps show their value in clear currency Any Person

s.schedule a1 para.12

(1) The Tribunal shall decide an appeal by reference to...

Provide updated information within 28 days if the Tribunal remits your application Applicant

Browse 108 other Schedules — structural / supplementary

s.sch002

Examples of Use of New Terminology

s.sch002a

MEANING OF “DEBTOR” IN RELATION TO GREEN DEAL AGREEMENTS

s.sch003

Transitional and Commencement Provisions

s.sch003

(1) An agreement made before 1st April 1977is not a...

s.sch003

Section 50 comes into operation on 1st July 1977.

s.sch003

(1) Section 56 applies to negotiations in relation to an...

s.sch003

Sections 57 to 59, 61 to 65 and 67 to...

s.sch003

Section 66 comes into operation on 19th May 1985.

s.sch003

Section 75 comes into operation on 1st July 1977 but...

s.sch003

(1) Section 76 comes into operation on 19th May 1985....

s.sch003

(1) Sections 77 to 80 come into operation on 19th...

s.sch003

Section 81 comes into operation on 19th May 1985.

s.sch003

Section 82 comes into operation on 1st April 1977.

s.sch003

A transaction may be a linked transaction in relation to...

s.sch003

(1) Sections 83 and 84 come into operation on 19th...

s.sch003

(1) Section 85 comes into operation on 19th May 1985....

s.sch003

(1) Section 86 comes into operation on 19th May 1985....

s.sch003

Sections 87 to 89 come into operation on 19th May...

s.sch003

Sections 90 and 91 come into operation on 19th May...

s.sch003

Section 92 comes into operation on 19th May 1985.

s.sch003

Section 93 comes into operation on 19th May 1985.

s.sch003

Sections 94 to 97 come into operation on 19th May...

s.sch003

Section 98 comes into operation on 19th May 1985.

s.sch003

Section 99 comes into operation on 19th May 1985.

s.sch003

Section 19(3) applies only to transactions entered into on or...

s.sch003

Section 100 comes into operation on 19th May 1985.

s.sch003

Section 101 comes into operation on 19th May 1985.

s.sch003

Section 102 comes into operation on 19th May 1985.

s.sch003

Section 103 comes into operation on 19th May 1985.

s.sch003

Section 104 comes into operation on 19th May 1985.

s.sch003

Part VII (except sections 90, 91, 93 and 99 to...

s.sch003

Section 105 comes into operation on 19th May 1985.

s.sch003

(1) Sections 107 to 110 come into operation on 19th...

s.sch003

(1) Section 111 comes into operation on 19th May 1985....

s.sch003

Sections 114 to 122 come into operation on 19th May...

s.sch003

Section 20 applies to consumer credit agreements whenever made.

s.sch003

Sections 123 to 125 come into operation on 19th May...

s.sch003

Section 126 comes into operation on 19th May 1985.

s.sch003

Sections 137 to 140 (extortionate credit bargains) come into operation...

s.sch003

Subject to paragraph 42, Part IX comes into operation on...

s.sch003

Subsections (1) and (2) of section 151 do not apply...

s.sch003

Sections 157 and 158 do not apply to a request...

s.sch003

(1) In the case of an agreement—

s.sch003

In section 189, the definition of “local authority ” shall...

s.sch003

Part IV does not apply to any advertisement published before...

s.sch003

Section 49 comes into operation on 1st October 1977.

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

The following section shall be inserted after section 7 Default...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

In section 4 for subsections (4), (5) and (6), substitute—...

s.sch004

For section 10 substitute— Property in goods subject to hire-purchase...

s.sch004

In section 64(I)— (1) after the definition of “compulsory national...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

For section 26(3) substitute— (3) In this Part of this...

s.sch004

For section 94 substitute— Power to provide furniture. A local authority may fit out, furnish and supply any...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

At the end of section 9 insert For the purposes...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

For Part III substitute the following (which reproduces the existing...

s.sch004

In section 1— (1) In subsection (1) for “or credit-sale...

s.sch004

In section 3, for subsection (4) substitute—

s.sch004

In section 10(1)— (1) after the definition of “cash value...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

After section 38 insert the following new section— This Part of this Act shall not apply to a...

s.sch004

In section 54(6)(c) after “36 ” insert “38A ”.

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

In section 21(5)— (a) for “total purchase price or hire-purchase...

s.sch004

For sections 8 to 12 substitute the following sections (which...

s.sch004

For sections 14 and 15 substitute the following sections (which...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

The following section shall be inserted after section 7:— Defaults...

s.sch004

In section 1(3), for paragraph (a) and (b) substitute—

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

In section 3, for subsection (4) substitute—

s.sch004

In section 9— (1) after the definition of “cash value...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

For Part VI substitute the following (which reproduces the existing...

s.sch004

The following section shall be inserted after section 4— Hire...

s.sch004

MINOR AND CONSEQUENTIAL AMENDMENTS

s.sch004

In section 1(2) for “VII ” where first occurring substitute...

s.sch004

The following section shall be inserted after section 38— Hire...

s.sch004

In section 13 after “hire-purchase agreement ” insert “or a...

s.sch004

In section 17(1)— (1) After the definition of “aircraft ”...

s.sch004

In section 1(3), for paragraphs (a) and (b) substitute—

s.sch005

Repeals

s.schedule a1 para.1

In this Schedule— “the Deputy President” means the Deputy President...

s.schedule a1 para.10

Rules may include, amongst other things, provision—

s.schedule a1 para.11

The Consumer Credit Appeals Tribunal

s.schedule a1 para.13

(1) A decision of the Tribunal may be taken by...

s.schedule a1 para.14

(1) Where the Tribunal disposes of an appeal and—

s.schedule a1 para.15

Where— (a) the Tribunal disposes of an appeal or an...

s.schedule a1 para.16

An order of the Tribunal under paragraph 14 or 15...

s.schedule a1 para.2

(1) The Lord Chancellor shall appoint one of the members...

s.schedule a1 para.3

(1) The Lord Chancellor shall appoint a panel of persons...

s.schedule a1 para.4

(1) Each member of the panel of chairmen or the...

s.schedule a1 para.5

The Lord Chancellor may pay to a person in respect...

s.schedule a1 para.6

(1) The Lord Chancellor may appoint such staff for the...

s.schedule a1 para.7

(1) On an appeal to the Tribunal, the persons to...

s.schedule a1 para.8

The Tribunal shall sit at such times and in such...

s.schedule a1 para.9

(1) Subject to sub-paragraph (2), the Tribunal may, on an...

Other sections — not classified into a Part

These sections sit outside the numbered Parts — usually provisions added or moved by later amendments.

Browse 80 other sections

s.para.284

EXAMPLES

s.para.285

Example 1

s.para.286

Facts.Correspondence passes between an employee of a moneylending company (writing...

s.para.287

Analysis.The correspondence constitutes antecedent negotiations falling within section 56(1)(a), the...

s.para.288

Example 2

s.para.289

Facts.Representations are made about goods in a poster displayed by...

s.para.290

Analysis.The representations in the poster constitute antecedent negotiations falling within...

s.para.291

Example 3

s.para.292

Facts.Discussions take place between a shopkeeper and a customer about...

s.para.293

Analysis.The discussions constitute antecedent negotiations falling within section 56(1)(c), the...

s.para.294

Example 4

s.para.295

Facts.Discussions take place and correspondence passes between a secondhand car...

s.para.296

Analysis.The discussions and correspondence constitute antecedent negotiations in relation both...

s.para.297

Example 5

s.para.298

Facts.E agrees to sell to F (an individual) an item...

s.para.299

Analysis.This is a credit-sale agreement (see definition of “credit-sale agreement...

s.para.300

Example 6

s.para.301

Facts.The G Bank grants H (an individual) an unlimited overdraft,...

s.para.302

Analysis.Although the overdraft purports to be unlimited, the stipulation for...

s.para.303

Example 7

s.para.304

Facts.J is an individual who owns a small shop which...

s.para.305

Analysis.Although the agreement appears to provide unlimited credit, it is...

s.para.306

Example 8

s.para.307

Facts.U, a moneylender, lends £500 to V (an individual) knowing...

s.para.308

Analysis.Although this appears to fall under section 11(1)(b), it is...

s.para.309

Example 9

s.para.310

Facts.A agrees to lend B (an individual) £4,500 in nine...

s.para.311

Analysis.This is a cash loan and is a form of...

s.para.312

Example 10

s.para.313

Facts.C (in England) agrees to bail goods to D (an...

s.para.314

Analysis.This is a hire-purchase agreement with a deposit of £1,000...

s.para.315

Example 11

s.para.316

Facts.X (an individual) borrows £500 from Y (Finance). As a...

s.para.317

(a) to execute a second mortgage on his house in...

s.para.318

(b) to take out a policy of insurance on his...

s.para.319

In accordance with the loan agreement, the policy is charged...

s.para.320

Analysis.The second mortgage is a transaction for the provision of...

s.para.321

Example 12

s.para.322

Facts.The N Bank agrees to lend O (an individual) £2,000...

s.para.323

Analysis.The agreement is a consumer credit agreement by virtue of...

s.para.324

Example 13

s.para.325

Facts.Q, a debt-adjuster, agrees to pay off debts owed by...

s.para.326

Analysis.This is an agreement to refinance existing indebtedness of the...

s.para.327

Example 14

s.para.328

Facts.On payment of £1, S issues to T (an individual)...

s.para.329

AnalysisThe trading check is a credit-token falling within section 14(1)(b)....

s.para.330

Example 15

s.para.331

Facts.A retailer L agrees with M (an individual) to open...

s.para.332

Analysis.This agreement provides credit falling within the definition of running-account...

s.para.333

Example 16

s.para.334

Facts.Under an unsecured agreement, A (Credit), an associate of the...

s.para.335

Analysis.This is a credit-token agreement falling within section 14(1)(a) and...

s.para.336

Example 17

s.para.337

Facts.The manager of the C Bank agrees orally with D...

s.para.338

Analysis.In drawing the cheque D, by implication, requests the Bank...

s.para.339

Example 18

s.para.340

Facts.F (an individual) has had a current account with the...

s.para.341

Analysis.It might well be held that the agreement with F...

s.para.342

Example 19

s.para.343

Facts.H (a finance house) agrees with J (a partnership of...

s.para.344

Analysis.This is a personal running-account credit agreement (see sections 8(1)...

s.para.345

Example 20

s.para.346

Facts.K (in England) agrees with L (an individual) to bail...

s.para.347

Analysis.This is not a hire-purchase agreement (see paragraph (b) of...

s.para.348

Example 21

s.para.349

Facts.The P Bank decides to issue cheque cards to its...

s.para.350

Analysis.The agreement under which the cheque card is issued to...

s.para.351

Example 22

s.para.352

Facts.The facts are as in Example 16. On one occasion...

s.para.353

Analysis.In exceeding his credit limit B, by implication, requests A...

s.para.354

Example 23

s.para.355

Facts.Under an oral agreement made on 10th January, X (an...

s.para.356

Analysis.The agreement of 10th January is a consumer credit agreement...

s.para.357

Example 24

s.para.358

Facts.On 1st March 1975 Z (in England) enters into an...

s.para.359

Analysis.When entered into on 1st March 1975, the agreement is...

s.para.360

The effect of the modifying agreement of 1st January 1978...

s.para.361

The total rental under the modifying agreement is £1,850. Accordingly...

s.para.362

Note.Except as otherwise mentioned in this Schedule, the provisions of...

s.the consumer credit appeals tribunal

The Consumer Credit Appeals Tribunal

Read the full Act on legislation.gov.uk

Official guidance

Authoritative sources published by regulators or government explaining this legislation.

Validation orders | FCA (opens in a new tab) from FCA Detailed Guidance
Status disclosure: consumer credit | FCA (opens in a new tab) from FCA Detailed Guidance
When and how to notify the FCA or PRA (opens in a new tab) from FCA Detailed Guidance
When and how to notify the FCA or PRA | FCA (opens in a new tab) from FCA Detailed Guidance
Section 3: Dealing with customers | FCA (opens in a new tab) from FCA Detailed Guidance
Regulatory guide for credit brokers: Glossary | FCA (opens in a new tab) from FCA Detailed Guidance
RegData | FCA (opens in a new tab) from FCA Calculator or Tool
Electronic money and payment service providers: conduct of business requirements | FCA (opens in a new tab) from FCA Detailed Guidance
Information sheets: consumer credit | FCA (opens in a new tab) from FCA Detailed Guidance
Temporary permission | FCA (opens in a new tab) from FCA Detailed Guidance
... and 48 more

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

FCA

Financial Conduct Authority

Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …

Connected legislation

7 statutory instruments

These instruments amend, apply, or refer to this Act. They may not all create direct business obligations.

Secondary legislation (7)

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Browse legislation

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Regulators

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