Termination of long-term holiday product contracts
This section has no associated Explanatory Memorandum
24.—(1) A consumer who is party to a regulated contract that is a long-term holiday product contract may terminate the contract in accordance with this regulation without incurring any penalty.
(2) The consumer may terminate the contract by giving notice of termination to the trader no later than 14 days after any day on which the consumer receives a request for payment of an instalment under regulation 26(4).
(3) The right to terminate the contract under this regulation does not affect any other right available to the consumer to terminate or withdraw from the contract.
(4) The reference to “instalment” in paragraph (2) does not include the first instalment.