- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (23/02/2011)
- Gwreiddiol (a wnaed Fel)
The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010
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- Offerynnau Statudol y Deyrnas Unedig
- 2010 No. 2960
- PART 6
- Regulation 25
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- Dangos Graddfa Ddaearyddol(e.e. Lloegr, Cymru, Yr Alban aca Gogledd Iwerddon)
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Rhagor o Adnoddau
Status:
Point in time view as at 23/02/2011.
Changes to legislation:
There are currently no known outstanding effects for the The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010, Section 25.
Changes to Legislation
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Memorandwm Esboniadol
25.—(1) This regulation makes provision about when consideration may be accepted in relation to regulated contracts.
(2) Paragraph (3) applies in relation to a timeshare contract, long-term holiday product contract or exchange contract.
(3) No person may accept any consideration from the consumer before the end of the withdrawal period in relation to the contract (see regulation 21).
(4) Paragraph (5) applies in relation to a resale contract, the subject of which is rights under a timeshare contract or long-term holiday product contract.
(5) No person may accept any consideration from the consumer before—
(a)the sale of those rights takes place, or
(b)the contract is otherwise terminated.
(6) For the purposes of this regulation “consideration” includes any of the following—
(a)payments,
(b)guarantees,
(c)reservations of money on account,
(d)acknowledgements of debt.
(7) A person who contravenes paragraph (3) or (5) commits an offence.
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