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Consumer Credit Act 1974
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- UK Public General Acts
- 1974 c. 39
- PART II
- Section 15
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15Consumer 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, and
(c)does not require the hirer to make payments exceeding £5,000.
(2)A consumer hire agreement is a regulated agreement if it is not an exempt agreement.
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