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Consumer Credit Act 1974

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Changes over time for: Section 96

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Version Superseded: 15/07/2014

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Point in time view as at 09/02/2011. This version of this provision has been superseded. Help about Status

Changes to legislation:

Consumer Credit Act 1974, Section 96 is up to date with all changes known to be in force on or before 23 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

96 Effect on linked transactions.U.K.

(1)Where for any reason the indebtedness of the debtor under a regulated consumer credit agreement is discharged before the time fixed by the agreement, he, and any relative of his, shall at the same time be discharged from any liability under a linked transaction, other than a debt which has already become payable.

(2)Subsection (1) does not apply to a linked transaction which is itself an agreement providing the debtor or his relative with credit.

(3)Regulations may exclude linked transactions of the prescribed description from the operation of subsection (1).

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