SCHEDULEINCREASES OF MONETARY AMOUNTS IN CONSUMER CREDIT ACT 1974

Article 3

Section of the Act

Short Description

Present Amount3

New Amount

(1)

(2)

(3)

(4)

70(6)

Upper limit for credit-broker’s fee or commission on cancelled regulated agreement

£3

£5

77(1), 78(1)

Fee for information to debtor under regulated fixed-sum credit or running-account credit agreement

50p

£1

79(1)

Fee for information to hirer under regulated consumer hire agreement

50p

£1

84(1)

Upper limit of debtor’s liability for loss to creditor following misuse of credit-token

£50

£50

101(7)(a)

Upper limit of annual hire payments for right of termination of regulated consumer hire agreement

£900

£1,500

107(1), 108(1), 109(1)

Fee for information to surety under regulated fixed-sum credit, running-account credit or consumer hire agreement

50p

£1

110(1)

Fee for copy of security instrument

50p

£1

118(1)(b)

Upper limit for use of unsworn statement in place of lost pawn -receipt

£25

£75

120(1)(a)

Upper limit of pawned property which passes to pawnee on failure to redeem within redemption period of 6 months

£25

£75

155(1)

Upper limit for credit-broker’s fee or commission for services not leading to an agreement

£3

£5

158(1)

Fee to credit reference agency for copy of file on individual

£1

£2