Consumer Credit Act

  • 127 Enforcement orders in cases of infringement

    127 Enforcement orders in cases of infringement (1) In the case of an application for an enforcement order under— (a) section 65(1) (improperly executed agreements), or (b) section 105(7)(a) or (b) (improperly executed security instruments), or (c)section 111(2) (failure to serve copy of notice on surety), or (d) section 124(1) or (2) (taking of negotiable […]

  • 65 Consequences of improper execution

    65 Consequences of improper execution. (1) An improperly-executed regulated agreement is enforceable against the debtor or hirer on an order of the court only. (2) A retaking of goods or land to which a regulated agreement relates is an enforcement of the agreement. Source: Consumer Credit Act

  • 60 Form and content of agreements

    60 Form and content of agreements. (1) The Secretary of State shall make regulations as to the form and content of documents embodying regulated agreements, and the regulations shall contain such provisions as appear to him appropriate with a view to ensuring that the debtor or hirer is made aware of— (a) the rights and […]

  • 61 Signing of agreement

    61 Signing of agreement. (1)A regulated agreement is not properly executed unless— (a)a document in the prescribed form itself containing all the prescribed terms and conforming to regulations under section 60(1) is signed in the prescribed manner both by the debtor or hirer and by or on behalf of the creditor or owner, and (b)the […]

  • Current Account Overdrafts

    74A Information to be provided on a current account agreement (1)This section applies to a current account agreement where— (a)there is the possibility that the account-holder may be allowed to overdraw on the current account without a pre-arranged overdraft or exceed a pre-arranged overdraft limit, and (b)if the account-holder did so, this would be a […]