EXPLANATORY NOTE
This Order brings into operation certain provisions of the Consumer Credit Act 1974 by appointing days for the purposes of Schedule 3 to that Act (which contains transitional and commencement provisions).
The appointed days (see article 2) are as follows:—
| Paragraph of Schedule 3 to the Act. | Subject matter | Appointed day |
|---|---|---|
| 10 | Section 50 (which relates to circulars to minors) to come into operation on appointed day. | 1st July 1977 |
| 11 | Section 51 (which relates to the prohibition of unsolicited creditokens) to come into operation on appointed day. | 1st July 1977 |
| 15 | Section 75 (which relates to the liability of a creditor for breaches by a supplier) to come into operation on appointed day. | 1st July 1977 but only in relation to regulated agreements made on or after that day |
| 9 | Section 49 (which relates to the prohibition of canvassing debtor-creditor agreements off trade premises) to come into operation on appointed day. | 1st October 1977 |
Articles 3 and 4 introduce consequential amendments and repeals.