Consumer Credit Act 2006
Agreements regulated under the 1974 Act etc.
1Definition of ‘individual’
2Removal of financial limits etc.
3Exemption relating to high net worth debtors and hirers
4Exemption relating to businesses
5Consequential amendments relating to ss. 1 to 4
Statements to be provided in relation to regulated credit agreements
6Statements to be provided in relation to fixed-sum credit agreements
7Further provision relating to statements
Default under regulated agreements
8OFT to prepare information sheets on arrears and default
9Notice of sums in arrears under fixed-sum credit agreements etc.
10Notice of sums in arrears under running-account credit agreements
11Failure to give notice of sums in arrears
12Notice of default sums
13Interest on default sums
14Default notices
15Enforceability of regulated agreements
16Time orders
17Interest payable on judgment debts etc.
18Definition of “default sum”
Unfair relationships
19Unfair relationships between creditors and debtors
20Powers of court in relation to unfair relationships
21Interpretation of ss. 140A and 140B of the 1974 Act
22Further provision relating to unfair relationships
Businesses requiring a licence and consequences of not being licensed
23Definitions of ‘consumer credit business’ and ‘consumer hire business’
24Debt administration etc.
25Credit information services
26Enforcement of agreements by unlicensed trader etc.
Applications for licences and fitness to hold a licence etc.
27Charge on applicants for licences etc.
28Applications for standard licences
29Issue of standard licences
30Guidance on fitness test
31Variation of standard licences etc.
32Winding-up of standard licensee's business
33Consequential amendments relating to ss. 27 to 32
Duration of licences and charges
34Definite and indefinite licences
35Charges for indefinite licences
36Extension of period to pay charge for indefinite licence
37Failure to pay charge for indefinite licence
Further powers of OFT to regulate conduct of licensees etc.
38Power of OFT to impose requirements on licensees
39Power of OFT to impose requirements on supervisory bodies
40Supplementary provision relating to requirements
41Procedure in relation to requirements
42Guidance on requirements
43Consequential amendments relating to requirements
Powers and duties in relation to information
44Provision of information etc. by applicants
45Duties to notify changes in information etc.
46Power of OFT to require information generally
47Power of OFT to require access to premises
48Entry to premises under warrant
49Failure to comply with information requirement
50Officers of enforcement authorities other than OFT
51Consequential amendments relating to information
Civil penalties
52Power of OFT to impose civil penalties
53Further provision relating to civil penalties
54Statement of policy in relation to civil penalties
Appeals
55The Consumer Credit Appeals Tribunal
56Appeals to the Consumer Credit Appeals Tribunal
57Appeals from the Consumer Credit Appeals Tribunal
58Consequential amendments relating to appeals
Ombudsman scheme
59Financial services ombudsman scheme to apply to consumer credit licensees
60Funding of ombudsman scheme
61Consequential amendments relating to ombudsman scheme
Miscellaneous
62Monitoring of businesses by OFT
63Disapplication of s.101 of the 1974 Act
64Determinations etc. by OFT
65Sums received by OFT
Final provisions
66Financial provision
67Interpretation
68Consequential amendments
69Transitional provision and savings
70Repeals
71Short title, commencement and extent
SCHEDULES
SCHEDULE 1Schedule A1 to the 1974 Act
SCHEDULE 2Part 3A of Schedule 17 to the 2000 Act
SCHEDULE 3Transitional Provision and Savings
Interpretation
1(1) Expressions used in the 1974 Act have the same...
Statements to be provided in relation to regulated agreements
2(1) Section 77A of the 1974 Act applies in relation...
3Regulations made under section 78(4A) of the 1974 Act may...
4(1) Section 7(3) of this Act shall have effect in...
Default under regulated agreements
5The OFT shall prepare, and give general notice of, the...
6(1) Section 86B of the 1974 Act applies in relation...
7(1) Section 86C of the 1974 Act applies in relation...
8Section 86E of the 1974 Act applies in relation to...
9(1) Section 86F of the 1974 Act applies in relation...
10Section 14 of this Act shall have effect in relation...
11The repeal by this Act of— (a) the words “(subject...
12A debtor or hirer under an agreement may make an...
13Section 130A of the 1974 Act applies in relation to...
Unfair relationships
14(1) The court may make an order under section 140B...
15(1) The repeal by this Act of sections 137 to...
16(1) It is immaterial for the purposes of section 140C(4)(a)...
17Section 1 of this Act shall have no effect for...
Applications for licences and fitness to hold a licence etc.
18(1) Section 6A of the 1974 Act shall not apply...
19(1) The OFT shall prepare and publish the guidance required...
Further powers of OFT to regulate conduct of licensees etc.
20The cases in which the OFT may impose requirements under...
21The cases in which the OFT may impose requirements under...
22(1) The OFT shall prepare and publish the guidance required...
Powers and duties in relation to information
23(1) Section 44 of this Act has no effect in...
24A person is not required by section 36A of the...
Civil penalties
25(1) The OFT shall prepare and publish the statement of...
Appeals
26(1) A person who— (a) immediately before the commencement of...
27(1) Neither— (a) subsections (1) and (2) of section 56...
28Neither subsection (1) nor (4)(a) of section 58 of this...
Ombudsman scheme
29Section 1 of this Act shall have no effect for...
SCHEDULE 4Repeals

Royal arms

Consumer Credit Act 2006

2006 CHAPTER 14

An Act to amend the Consumer Credit Act 1974; to extend the ombudsman scheme under the Financial Services and Markets Act 2000 to cover licensees under the Consumer Credit Act 1974; and for connected purposes.

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—