The Payment Services Regulations 2017

Consumer Credit Act 1974 U.K.

1.  In the Consumer Credit Act 1974 M1 —

(a) in section 78 (duty to give information to debtor under running-account credit agreement), after subsection (1) insert—

“(1A) Where a request under subsection (1) also amounts to a request under regulation 49 of the Payment Services Regulations 2017 (information during period of contract), subsection (1) applies as if the words “and payment of a fee of £1” were omitted.”;

(b) in section 84 (misuse of credit-tokens), in subsection (1) for “£50” substitute “ £35 ”.

Marginal Citations

M1 1973 c. 39. Section 78 was amended by section 7 of the Consumer Credit Act 2006 (c. 14) and by S.I. 1998/997 and 2008/1277. Section 84 was amended by S.I. 1998/997, 2000/2334 and 2004/2095.