6.—(1) In section 113 of the Consumer Credit Act [1974 c. 39] 1974 (that Act not to be evaded by use of security) in subsection (7)—
(a)after the word “indemnity”, in both places where it occurs, there shall be inserted “or guarantee”;
(b)after the words “minor, or” there shall be inserted “an indemnity is given in a case where he”; and
(c)for the word “they” there shall be substituted “those obligations”.
(2) The Infants Relief Act [1874 c. 62] 1874 and the Betting and Loans (Infants) Act [1892 c. 4] 1892 are hereby repealed (in accordance with Article 3).