Consumer Credit Act 1974

29 Renewal. U.K.

(1) If the licensee under a standard licence [F1 of limited duration], or the original applicant for, or any licensee under, a group licence of limited duration, wishes the [F2 OFT] to renew the licence, whether on the same terms (except as to expiry) or on varied terms, he must, during the period specified by the [F2 OFT] by general notice or such longer period as the [F2 OFT] may allow, make an application to the [F2 OFT] for its renewal.

(2) The [F2 OFT] may of [F3 its] own motion renew any group licence.

(3) The preceding provisions of this Part apply to the renewal of a licence as they apply to the issue of a licence, except that section 28 does not apply to a person who was already excluded in the licence up for renewal.

[F4 (3A) In its application to the renewal of standard licences by virtue of subsection (3) of this section, section 27(1) shall have effect as if for paragraph (b) there were substituted—

“(b) invite the applicant to submit to the OFT in accordance with section 34 representations—

(i) in support of his application; and

(ii) about the provision (if any) that should be included under section 34A as part of the determination were the OFT to refuse the application or grant it in terms different from those applied for.”]

(4) Until the determination of an application under subsection (1) and, where an appeal lies from the determination, until the end of the appeal period, the licence shall continue [F5 to have effect], notwithstanding that apart from this subsection it would expire earlier.

(5) F6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) General notice shall be given of the renewal of a group licence.

Textual Amendments

F1 Words in s. 29(1) inserted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {34(3)(a)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2

F2 Words in s. 29 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(11)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)

F3 Word in s. 29(2) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(11)(b); S.I. 2003/766, art. 2, Sch. (with art. 3)

F4 S. 29(3A) inserted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {32(2)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2

F5 Words in s. 29(4) substituted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {34(3)(b)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2

F6 S. 29(5) repealed (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {32(3)}, 70, 71(2), {Sch. 4}; S.I. 2007/3300, art. 3(2), Sch. 2