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Explanatory Note
This Order brings into force on 31st July 1989 certain provisions of the Consumer Credit Act 1974 relating to licensing requirements for consumer credit businesses carried on by individuals and which only do business resulting in the making of certain regulated agreements for credit not exceeding £30. These businesses were excluded from the commencement provisions of the Consumer Credit Act 1974 (Commencement No. 2) Order 1977.
Article 3 introduces consequential and transitional amendments to the 1974 Act.
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