Consumer Credit Act 2006 | UK Legislation | Guvnor

What this means for your business

3 guides

Enforced by: FCA
Applies to: United Kingdom
On this page: 3 practical guides

Read full text on legislation.gov.uk

Practical guidance

Our guides explain how to comply with the requirements above.

Understanding UK consumer credit regulation

What consumer credit regulation is, why it exists, and who it applies to. Covers the relationship between the Consumer Credit …

Comply with debt collection rules

How to collect consumer debts compliantly under FCA rules. Covers CONC 7 requirements for arrears and default handling, forbearance obligations …

Section 75 claims and connected lender liability

What Section 75 of the Consumer Credit Act 1974 means for lenders, card issuers, and retailers. Explains how connected lender …

Sections and provisions

69 classified provisions from this legislation.

3 Offences and penalties 4 Powers 4 Definitions 6 Exemptions

Offences and penalties 3

s.52 Power of OFT to impose civil penalties
s.53 Further provision relating to civil penalties
s.54 Statement of policy in relation to civil penalties

Powers 4

s.22 Further provision relating to unfair relationships
s.51 Consequential amendments relating to information
s.68 Consequential amendments
s.69 Transitional provision and savings

Definitions 4

s.18 Definition of “default sum”
s.19 Unfair relationships between creditors and debtors
s.21 Interpretation of ss. 140A and 140B of the 1974 Act
s.67 Interpretation

Exemptions 6

s.3 Exemption relating to high net worth debtors and hirers
s.4 Exemption relating to businesses
s.6 Statements to be provided in relation to fixed-sum credit agreements
s.12 Notice of default sums
s.17 Interest payable on judgment debts etc.
s.64 Determinations etc. by OFT