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Business and Planning Act 2020

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Changes over time for: Cross Heading: Bounce Back Loan Scheme

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Point in time view as at 04/05/2020.

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There are currently no known outstanding effects for the Business and Planning Act 2020, Cross Heading: Bounce Back Loan Scheme. Help about Changes to Legislation

Bounce Back Loan SchemeU.K.

12Removal of powers of court in relation to unfair relationshipsU.K.

In section 140A of the Consumer Credit Act 1974 (unfair relationships between creditors and debtors), after subsection (5) insert—

(6)An order under section 140B shall not be made in connection with a credit agreement entered into under the Bounce Back Loan Scheme.

(7)In subsection (6) “the Bounce Back Loan Scheme” means the scheme of that name operated from 4 May 2020 by the British Business Bank plc on behalf of the Secretary of State.

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