Consumer Credit Act 1974

151 Advertisements. U.K.

(1) Sections 44 to 47 apply to an advertisement published for the purposes of a business of credit brokerage carried on by any person, whether it advertises the services of that person or the services of persons to whom he effects introductions, as they apply to an advertisement to which Part IV applies.

(2) Sections 44 F1 . . . and 47 apply to an advertisement, published for the purposes of a business carried on by the advertiser, indicating that he is willing to advise on debts, [F2 to] engage in transactions concerned with the liquidation of debts [F3 or to provide credit information services], as they apply to an advertisement to which Part IV applies.

[F4 (2A) An advertisement does not fall within subsection (1) or (2) in so far as it is a communication of an invitation or inducement to engage in investment activity within the meaning of section 21 of the Financial Services and Markets Act 2000, other than an exempt generic communication (as defined in section 43(3B)).]

(3) The Secretary of State may by order provide that an advertisement published for the purposes of a business of credit brokerage, debt adjusting [F5 , debt-counselling or the provision of credit information services] shall not fall within subsection (1) or (2) if it is of a description specified in the order.

(4) An advertisement [F6 (other than one for credit information services)] does not fall within subsection (2) if it indicates that the advertiser is not willing to act in relation to consumer credit agreements and consumer hire agreements.

(5) In subsections (1) and (3) “credit brokerage ” includes the effecting of introductions of individuals desiring to obtain credit to any person carrying on a business in the course of which he provides credit secured on land.

Textual Amendments

F1 Words in s. 151 repealed (26.5.2008) by The Consumer Protection from Unfair Trading Regulations 2008 (S.I. 2008/1277), regs. 30(3), Sch. 4 Pt. 1 (with savings in reg. 28(2)(3))

F2 Word in s. 151(2) substituted (1.10.2008) by Consumer Credit Act 2006 (c. 14), ss. {25(3)(a)}, 71(2); S.I. 2007/3300, art. 3(3), Sch. 3

F3 Words in s. 151(2) inserted (1.10.2008) by Consumer Credit Act 2006 (c. 14), ss. {25(3)(a)}, 71(2); S.I. 2007/3300, art. 3(3), Sch. 3

F4 S. 151(2A) inserted (1.9.2002) by S.I. 2001/544, arts. 2, 90(7); S.I. 2001/3538, art. 2

F5 Words in s. 151(3) substituted (1.10.2008) by Consumer Credit Act 2006 (c. 14), ss. {25(3)(b)}, 71(2); S.I. 2007/3300, art. 3(3), Sch. 3

F6 Words in s. 151(4) inserted (1.10.2008) by Consumer Credit Act 2006 (c. 14), ss. {25(3)(c)}, 71(2); S.I. 2007/3300, art. 3(3), Sch. 3