Part II Credit Agreements, Hire Agreements and Linked Transactions

15 Consumer hire agreements.

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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F22

A consumer hire agreement is a regulated agreement with the meaning of this Act if it is a regulated consumer hire agreement for the purposes of Chapter 14B of Part 2 of the Regulated Activities Order.