Amendments to the Consumer Credit (Agreements) Regulations 2010I142

 In regulation 1 (citation, commencement and interpretation)—

a

in paragraph (2) at the start insert “Except as provided for in paragraphs (2A) and (2B)”;

b

after paragraph (2) insert—

2A

Where the condition in paragraph (2B) is satisfied on a date on or after 26th August 2010 and before 1st February 2011 in relation to a prospective regulated consumer credit agreement to which section 58 of the Act applies, these Regulations apply to that agreement (and to any subsequent regulated consumer credit agreement entered into before 1st February 2011) from the date and time the condition is satisfied.

2B

The condition referred to in paragraph (2A) is that—

a

before the creditor gives the debtor the unexecuted agreement for his signature the creditor gives the debtor a copy of the unexecuted agreement in compliance or purported compliance with regulations 3 and 7 of, and Schedules 1 and 2 to, these Regulations and

b

the copy of the unexecuted agreement contains a heading and notice as set out in regulation 4(a)(ii) and (b)(ii) respectively of the Consumer Credit (Cancellation Notices and Copies of Documents) Regulations 1983.