Transitional provisions50

1

Subject to paragraph (2), where a notice of sums in arrears is given pursuant to section 86B of the 1974 Act in relation to a regulated agreement for fixed-sum credit or a regulated consumer hire agreement made before 1 October 2008 the notice may contain pre-commencement information.

2

Where pre-commencement information is included in a notice to which section 86(B)(2)(b) applies it may be aggregated with the sum required to be included in the notice under paragraph 7 of Schedule 3.

3

For the purposes of this regulation, “pre-commencement information” means any sum which—

a

became due before 1 October 2008;

b

the debtor or hirer failed to pay in full when it became due under the agreement; and

c

remains unpaid at the date the duty to give the notice arose.