Consumer Credit Act 1974 (c. 39)

Part II U.K. Credit Agreements, Hire Agreements and Linked Transactions

15 Consumer hire agreements. U.K.

(1) A consumer hire agreement is an agreement made by a person with an individual (the “hirer ”) for the bailment or (in Scotland) the hiring of goods to the hirer, being an agreement which—

(a) is not a hire-purchase agreement, and

(b) is capable of subsisting for more than three months, F1 . . .

(c) F1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2) A consumer hire agreement is a regulated agreement if it is not an exempt agreement.

Textual Amendments

F1 S. 15(1)(c) and preceding word ceases to have effect (6.4.2008) and repealed (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {2(2)}, 70, 71(2), {Sch. 4}; S.I. 2007/3300, art. 3(2), Sch. 2