SCHEDULES

SCHEDULE 3 Transitional and Commencement Provisions

Part II of Act Credit Agreements, Hire Agreements and Linked Transactions

Regulated agreements

1

1

An agreement made before F11st April 1977is not a regulated agreement within the meaning of this Act.

2

In this Act “prospective regulated agreement ” does not include a prospective agreement which, if made as expected, would be made before F11st April 1977.

Linked transactions

2

A transaction may be a linked transaction in relation to a regulated agreement or prospective regulated agreement even though the transaction was entered into before the day appointed for the purposes of paragraph 1.

3

Section 19(3) applies only to transactions entered into on or after F219th May 1985.

Total charge for credit

4

Section 20 applies to consumer credit agreements whenever made.