4Consequential amendment and repeals.
(1)In section 113 of the [1974 c. 39.] Consumer Credit Act 1974 (that Act not to be evaded by use of security) in subsection (7)—
(a)after the word “indemnity”, in both places where it occurs, there shall be inserted “or guarantee”;
(b)after the words “minor, or” there shall be inserted “an indemnity is given in a case where he”; and
(c)for the words “they” there shall be substituted “those obligations”.
(2)The [1874 c. 62.] Infants Relief Act 1874 and the [1892 c. 4.] Betting and Loans (Infants) Act 1892 are hereby repealed (in accordance with section 1 of this Act).