Entering into a regulated consumer hire agreement as owner is a specified kind of activity.

It is a specified kind of activity for the owner or another person to exercise, or to have the right to exercise, the owner’s rights and duties under a regulated consumer hire agreement.

In this Chapter—

• “consumer hire agreement” means an agreement between a person (“the owner”) and an individual or relevant recipient of credit (“the hirer”) for the bailment or, in Scotland, the hiring, of goods to the hirer which—

  1. a

     is not a hire-purchase agreement, and

  2. b

     is capable of subsisting for more than three months;

• “exempt agreement” means a consumer hire agreement which is an exempt agreement under articles 60O to 60Q;

• “owner” means—

  1. a

     the person who bails or, in Scotland, hires, goods under a F1... consumer hire agreement, or

  2. b

     a person who exercises or has the right to exercise the rights and duties of a person who bailed or, in Scotland, hired, goods under such an agreement;

• F3“regulated consumer hire agreement” means—

  1. a

     in the case of an agreement entered into on or after 1st April 2014, any consumer hire agreement which is not an exempt agreement; or

  2. b

     in the case of an agreement entered into before 1st April 2014, a consumer hire agreement which—

     1. i

        was a regulated agreement within the meaning of section 189(1) of the Consumer Credit Act 1974 when the agreement was entered into; or

     2. ii

        became such a regulated agreement after being varied or supplemented by another agreement before 1st April 2014.