SCHEDULEAmendment of consumer credit regulations
The Consumer Credit (Agreements) Regulations 19831
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
”
.
The Consumer Credit (Settlement Information) Regulations 19832
The Consumer Credit (Early Settlement) Regulations 20043
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.
The Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 20074
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—
PART 2AINFORMATION 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—
The Consumer Credit (Disclosure of Information) Regulations 20105
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)
”
.
The Consumer Credit (Agreements) Regulations 20106
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
”
.