The Consumer Credit (Agreements) (Amendment) Regulations 2004

Amendment of the Consumer Credit (Agreements) Regulations 1983

13.  For Schedule 4 (forms of statement of protection and remedies available under the Consumer Credit Act 1974 to hirers under regulated consumer hire agreements) substitute—

Regulation 3(3)

“SCHEDULE 4 Forms of Statement of Protection and Remedies Available under the Consumer Credit Act 1974 to Hirers Under Regulated Consumer Hire Agreements

FORM	TYPE OF AGREEMENT	FORM OF STATEMENT
(1)	(2)	(3)
1	Agreement to which section 58(1) of the Act applies.	YOUR RIGHTS
		Under the Consumer Credit Act 1974, you should have been given a copy of this agreement at least seven days ago so you could consider whether to go ahead. If the owner did not give you a copy this agreement can only be enforced with a court order.
2	All types.	MISSING PAYMENTS
		Missing payments could have severe consequences and may make obtaining credit more difficult.
3	All agreements which are secured on property.	YOUR HOME MAY BE REPOSSESSED
		Your home may be repossessed if you do not keep up repayments on a hire agreement secured by a mortgage or other security on your home.
4	All cancellable agreements not included in paragraph 5.	YOUR RIGHT TO CANCEL
		Once you have signed this agreement you have a short time in which you can cancel it. Details of how to cancel it will be sent to you by the owner.
5	Modifying agreements treated under section 82(5) of the Act as cancellable agreements.	YOUR RIGHT TO CANCEL
		This agreement modifies an earlier agreement. Once you have signed it, your right to cancel the earlier agreement will cover this modified agreement. The cancellation period itself is unchanged. Details of how you can cancel can be found in the copy of this agreement.
6	Agreements to which the hirer is entitled to terminate by notice under section 101(1) of the Act and which provides for the bailment or hiring of goods for at least 18 months after the making of the agreement.	IMPORTANT – READ THIS CAREFULLY TO FIND OUT ABOUT YOUR RIGHTS
		The Consumer Credit Act 1974 lays down certain requirements for your protection which should have been complied with when this agreement was made. If they were not, the owner cannot enforce this agreement without getting a court order.
		The Act also gives you a number of rights. You can end this agreement by writing to the person you make your payments to and giving at least * notice. In order to do this the agreement must have been allowed to run for at least 18 months [from the date of the original agreement]** though this may include the period of notice. You will have to make all payments and pay any amounts you owe until the date the agreement comes to an end.
		If you would like to know more about your rights under the Act, contact either your local Trading Standards Department or your nearest Citizens' Advice Bureau.
		Notes:
		*Owner to insert minimum period of notice as determined by section 101.
		**Owner to omit passage in square brackets except where this notice appears in a modifying agreement.
7	Agreements not included in paragraph 6.	IMPORTANT –READ THIS CAREFULLY TO FIND OUT ABOUT YOUR RIGHTS
		The Consumer Credit Act 1974 covers this agreement and lays down certain requirements for your protection which should have been complied with when this agreement was made. If they were not, the owner cannot enforce this agreement against you without getting a court order.
		If you would like to know more about your rights under the Act, contact either your local Trading Standards Department or your nearest Citizens' Advice Bureau.”.