Prospective
Open-end agreementsU.K.
This section has no associated Explanatory Memorandum
39. In section 189 (definitions)(1), in subsection (1) after the definition of “OFT”, insert—
““open-end” in relation to a consumer credit agreement, means of no fixed duration;”.
Commencement Information
I1Reg. 39 in force at 30.4.2010, see reg. 99(2)(b)
(1)
Section 189(1) was amended by the Banking Act 1987 (c.22), section 88, and the relevant definition inserted by that Act was revoked by S.I. 2001/3649, article 176(a). It was also amended by the Enterprise Act 2002 (c.40), Schedule 25, paragraph 6(38) and by the Consumer Credit Act 2006 (c.14), sections 25(5) and 51(6).