(This note is not part of the Order)
This Order amends the Consumer Credit (Exempt Agreements) Order 1989 by making different provision for the exemption of certain consumer credit agreements secured on land where the creditor is either the Agricultural Mortgage Corporation PLC or the Scottish Agricultural Securities Corporation plc.
It also removes from that Order references to agreements made by those Corporations described by reference to certain provisions of the Agricultural Credits Act 1928 and the Agricultural Credits (Scotland) Act 1929 since these provisions have been repealed by the Agriculture and Forestry (Financial Provisions) Act 1991.