The Consumer Credit (Green Deal) Regulations 2012

Regulation 5

SCHEDULE E+W+S Amendment of consumer credit regulations

The Consumer Credit (Agreements) Regulations 1983 E+W+S

1.—(1) The Consumer Credit (Agreements) Regulations 1983 M1 are amended as follows.

(2) In paragraph 24A (statement regarding debtor's right of early repayment) M2 of Schedule 1 (information to be contained in documents embodying regulated consumer credit agreements other than modifying agreements), for “section 95A”, substitute “ sections 95A and 95B ”.

(3) In paragraph 24A (statement regarding debtor's right of early repayment) M3 in Part I (information to be contained in documents embodying regulated modifying agreements varying or supplanting earlier credit agreements) of Schedule 8 (regulated modifying agreements), for “section 95A”, substitute “ sections 95A and 95B ”.

Marginal Citations

M1 S.I. 1983/1553.

M2 Paragraph 24A was inserted by S.I. 2010/1010, regulation 54(c).

M3 Paragraph 24A was inserted by S.I. 2010/1010, regulation 56.

The Consumer Credit (Settlement Information) Regulations 1983 E+W+S

2.  In paragraph 3A (compensatory amount) M4 of the Schedule (information to be contained in settlement statements) to the Consumer Credit (Settlement Information) Regulations 1983 M5 , after “95A(2)”, insert “ or 95B(2) ”.

Marginal Citations

M4 Paragraph 3A was inserted by S.I. 2010/1010, regulation 62(a).

M5 S.I. 1983/1564.

The Consumer Credit (Early Settlement) Regulations 2004 E+W+S

3.—(1) The Consumer Credit (Early Settlement) Regulations 2004 M6 are amended as follows.

(2) In regulation 1(2) (interpretation) M7 , at the appropriate place, insert—

““green deal plan” has the meaning given in section 1 of the Energy Act 2011;”.

(3) In regulation 4A(2) (calculation of the amount of rebate where indebtedness is discharged in part) M8 , after “95A(2)”, insert “ or 95B(2) ”.

(4) In regulation 6 (deferment of settlement date)—

(a) regulation 6 is renumbered as paragraph (1) of that regulation;

(b) after paragraph (1) as so renumbered, insert—

“(2) Paragraph (1) does not apply where the agreement is a green deal plan and the creditor under that plan is claiming a payment under section 95B(2) of the Act.”.

Marginal Citations

M6 S.I. 2004/1483.

M7 Regulation 1(2) was amended by S.I. 2010/1010, regulation 78(a). Regulation 78(a) of S.I. 2010/1010 was amended by S.I. 2010/1969, regulation 26.

M8 Section 4A was inserted by S.I. 2010/1010, regulation 82.

The Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007 E+W+S

4.—(1) The Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007 M9 are amended as follows.

(2) In regulation 2 (interpretation), at the appropriate place, insert—

““green deal plan” has the meaning given in section 1 of the Energy Act 2011;”.

(3) In regulation 4(b) (content of statements), before “each”, insert “ except where sub-paragraph (ba) applies, ”.

(4) In regulation 4 (content of statements), after paragraph (b), insert—

“(ba) where the statement relates to a green deal plan, each of the forms of wording set out in Part 2A of Schedule 1;”.

(5) In Schedule 1, after Part 2 (information to be included in statements relating to fixed-sum credit agreements) insert—

Regulation 4(ba)

“PART 2A E+W+S INFORMATION TO BE INCLUDED IN STATEMENTS RELATING TO FIXED-SUM CREDIT AGREEMENTS WHICH ARE GREEN DEAL PLANS

4A.   Each of the following forms of wording shall be contained in a statement under this Part—

”

Marginal Citations

M9 S.I. 2007/1167, to which there are amendments not relevant to these Regulations.

The Consumer Credit (Disclosure of Information) Regulations 2010 E+W+S

5.  In paragraph 4 (other important legal aspects) of Schedule 1 (pre-contract credit information) to the Consumer Credit (Disclosure of Information) Regulations 2010 M10 , in column 2 of the second row of the table, after “section 95A” insert “ (and, where applicable, section 95B) ”.

Marginal Citations

M10 S.I. 2010/1013, to which there are amendments not relevant to these Regulations.

The Consumer Credit (Agreements) Regulations 2010 E+W+S

6.  In paragraph 28 (early repayment) of Schedule 1 (information to be included in regulated consumer credit agreements) to the Consumer Credit (Agreements) Regulations 2010 M11 , in column 3 of the table, for “section 95A”, substitute “ sections 95A and 95B ”.

Marginal Citations

M11 S.I. 2010/1014, to which there are amendments not relevant to these Regulations.