Amendments to the Consumer Credit (Cancellation Notices and Copies of Documents) Regulations 1983 U.K.

3.—(1) The Consumer Credit (Cancellation Notices and Copies of Documents) Regulations 1983(1) are amended as follows.

(2) In regulation 1 (citation, commencement and interpretation) in paragraph (2)—

(a) for “Agreements Regulations” substitute “Agreements Regulations 1983”;

(b) after the definition for “Agreements Regulations 1983”, as inserted by sub-paragraph (a), insert—

““Agreements Regulations 2010” means the Consumer Credit (Agreements) Regulations 2010 and a reference to any provision of those Regulations includes, in the case of modifying agreements which are or are treated as regulated agreements, a reference to regulation 5 of and the appropriate paragraph of Schedule 1 to, those Regulations;”.

(3) In regulation 4 (copies of unexecuted agreements given under section 58(1) of the Act), for paragraphs (a) and (b) substitute—

“(a) a heading which shall be in the Form numbered 1 in Column 1 of Part 1 of the Schedule to these Regulations and set out in Column 3 shown prominently on the copy, instead of—

(i) any heading referred to in regulations 2(1) and 3(1) of, and paragraph 1 of Schedules 1 and 3 to, the Agreements Regulations 1983, or

(ii) any heading referred to in regulation 3(1) of, and paragraph 1 of Schedule 1 to, the Agreements Regulations 2010, and

(b) a box containing only a notice indicating the right of the debtor or hirer to withdraw from the prospective agreement, and how and when that right is exercisable, in the Form numbered 2 in Column 1 of Part 1 of the Schedule to these Regulations and set out in Column 3, instead of—

(i) any statement of the rights of the debtor or hirer referred to in regulations 2(3) and 3(3) of, and Form 1 of Schedules 2 and 4 to, the Agreements Regulations 1983, or

(ii) any statement of the rights of the debtor referred to in regulation 3(4) of, and Form 1 of Schedule 2 to, the Agreements Regulations 2010.”.

Commencement Information

I1 Reg. 3 in force at 26.8.2010, see reg. 1

(1)

S.I. 1983/1557, as amended by S.I. 2004/3236; there are other amending instruments but none is relevant.