Businesses requiring a licence and consequences of not being licensed

25Credit information services

I21

In subsection (1) of section 145 of the 1974 Act (types of ancillary credit business) before paragraph (e) insert—

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the provision of credit information services, or

F12

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

F23

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

I24

In each of the following provisions of that Act for “or debt-counselling” substitute “ , debt-counselling or the provision of credit information services ”

a

section 152(1)(application of sections 52 to 54 to ancillary credit businesses);

b

section 154 (prohibition of canvassing ancillary credit business off trade premises);

c

section 156 (regulations about agreements entered into for ancillary credit businesses).

I15

In section 189(1) of that Act (definitions) after the definition of “credit brokerage” insert—

‘credit information services’ has the meaning given by section 145(7B).