Consumer Credit Act 1974

  1. Introductory Text

  2. Part I OFFICE OF FAIR TRADING

    1. 1. General functions of OFT.

    2. 2. Powers of Secretary of State.

    3. 3. Supervision by Council on Tribunals.

    4. 4. Dissemination of information and advice.

    5. 5. Annual and other reports.

    6. 6. Form etc. of applications.

    7. 6A.Charge on applicants for licences etc.

    8. 7. Penalty for false information.

  3. Part II Credit Agreements, Hire Agreements and Linked Transactions

    1. 8. Consumer credit agreements.

    2. 9. Meaning of credit.

    3. 10. Running-account credit and fixed-sum credit.

    4. 11. Restricted-use credit and unrestricted-use credit.

    5. 12. Debtor-creditor supplier agreements.

    6. 13. Debtor-creditor agreements.

    7. 14. Credit-token agreements.

    8. 15. Consumer hire agreements.

    9. 16. Exempt agreements.

    10. 16A.Exemption relating to high net worth debtors and hirers

    11. 16B.Exemption relating to businesses

    12. 16C.Exemption relating to investment properties

    13. 17. Small agreements.

    14. 18. Multiple agreements.

    15. 19. Linked transactions.

    16. 20. Total charge for credit.

  4. Part III Licensing of Credit and Hire Businesses

    1. Licensing principles

      1. 21. Businesses needing a licence.

      2. 22. Standard and group licences.

      3. 23. Authorisation of specific activities.

      4. 24. Control of name of business.

      5. 24A.Applications for standard licences

      6. 25. Licensee to be a fit person.

      7. 25A.Guidance on fitness test

      8. 26. Conduct of business

    2. Issue of licences

      1. 27. Determination of applications.

      2. 27A.Consumer credit EEA firms

      3. 28. Exclusion from group licence.

    3. Charges for indefinite licences

      1. 28A.Charges to be paid by licensees etc. before end of payment periods

      2. 28B.Extension of period to pay charge under s. 28A

      3. 28C.Failure to pay charge under s. 28A

    4. Renewal, variation, suspension and revocation of licences

      1. 29. Renewal.

      2. 30. Variation by request.

      3. 31. Compulsory variation.

      4. 32. Suspension and revocation.

      5. 33. Application to end suspension.

    5. Further powers of OFT to regulate conduct of licensees etc.

      1. 33A.Power of OFT to impose requirements on licensees

      2. 33B.Power of OFT to impose requirements on supervisory bodies

      3. 33C.Supplementary provision relating to requirements

      4. 33D.Procedure in relation to requirements

      5. 33E.Guidance on requirements

    6. Miscellaneous

      1. 34. Representations to OFT.

      2. 34A.Winding-up of standard licensee's business

      3. 35. The register.

      4. 36. Duty to notify changes.

      5. 36A.Further duties to notify changes etc.

      6. 36B.Power of OFT to require information generally

      7. 36C.Power of OFT to require access to premises

      8. 36D.Entry to premises under warrant

      9. 36E.Failure to comply with information requirement

      10. 36F.Officers of enforcement authorities other than OFT

      11. 37. Death, bankruptcy etc. of licensee.

      12. 38. Application of s. 37 to Scotland and Northern Ireland.

      13. 39. Offences against Part III.

      14. 39A.Power of OFT to impose civil penalties

      15. 39B.Further provision relating to civil penalties

      16. 39C.Statement of policy in relation to civil penalties

      17. 40. Enforcement of agreements made by unlicensed trader.

    7. Appeals

      1. 40A.The Consumer Credit Appeals Tribunal

      2. 41. Appeals to First-tier Tribunal under Part III.

      3. 41ZA.Tribunal Procedure Rules: suspension of OFT determinations

      4. 41ZB.Disposal of appeals

      5. 41A.Appeals from the Consumer Credit Appeals Tribunal

      6. 42.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  5. Part IV Seeking Business

    1. Advertising

      1. 43. Advertisements to which Part IV applies.

      2. 44. Form and content of advertisements.

      3. 45. Prohibition of advertisement where goods etc. not sold for cash.

      4. 46. False or misleading advertisements.

      5. 47. Advertising infringements.

    2. Canvassing etc.

      1. 48. Definition of canvassing off trade premises (regulated agreements).

      2. 49. Prohibition of canvassing debtor-creditor agreements off trade premises.

      3. 50. Circulars to minors.

      4. 51. Prohibition of unsolicited credit-tokens.

      5. 51A.Restrictions on provision of credit card cheques

      6. 51B.Section 51A: exemption for business

    3. Miscellaneous

      1. 52. Quotations.

      2. 53. Duty to display information.

      3. 54. Conduct of business regulations.

  6. Part V Entry into Credit or Hire Agreements

    1. Preliminary matters

      1. 55. Disclosure of information.

      2. 55A.Pre-contractual explanations etc

      3. 55B.Assessment of creditworthiness

      4. 55C.Copy of draft consumer credit agreement

      5. 56. Antecedent negotiations.

      6. 57. Withdrawal from prospective agreement.

      7. 58. Opportunity for withdrawal from prospective land mortgage.

      8. 59. Agreement to enter future agreement void.

    2. Making the agreement

      1. 60. Form and content of agreements.

      2. 61. Signing of agreement.

      3. 61A.Duty to supply copy of executed consumer credit agreement

      4. 61B.Duty to supply copy of overdraft agreement

      5. 62. Duty to supply copy of unexecuted agreement : excluded agreements.

      6. 63. Duty to supply copy of executed agreement : excluded agreements.

      7. 64. Duty to give notice of cancellation rights.

      8. 65. Consequences of improper execution.

      9. 66. Acceptance of credit-tokens.

    3. Withdrawal from certain agreements

      1. 66A.Withdrawal from consumer credit agreement

    4. Cancellation of certain agreements within cooling-off period

      1. 67. Cancellable agreements.

      2. 68. Cooling-off period.

      3. 69. Notice of cancellation.

      4. 70. Cancellation: recovery of money paid by debtor or hirer.

      5. 71. Cancellation: repayment of credit.

      6. 72. Cancellation: return of goods.

      7. 73. Cancellation: goods given in part-exchange.

    5. Exclusion of certain agreements from Part V

      1. 74. Exclusion of certain agreements from Part V.

  7. PART VA CURRENT ACCOUNT OVERDRAFTS

    1. 74A.Information to be provided on a current account agreement

    2. 74B.Information to be provided on significant overdrawing without prior arrangement

  8. Part VI Matters Arising During Currency of Credit or Hire Agreements

    1. 75. Liability of creditor for breaches by supplier.

    2. 75A.Further provision for liability of creditor for breaches by supplier

    3. 76. Duty to give notice before taking certain action.

    4. 77. Duty to give information to debtor under fixed-sum credit agreement.

    5. 77A.Statements to be provided in relation to fixed-sum credit agreements

    6. 77B.Fixed-sum credit agreement: statement of account to be provided on request

    7. 78. Duty to give information to debtor under running-account credit agreement.

    8. 78A.Duty to give information to debtor on change of rate of interest

    9. 79. Duty to give hirer information.

    10. 80. Debtor or hirer to give information about goods.

    11. 81. Appropriation of payments.

    12. 82. Variation of agreements.

    13. 82A.Assignment of rights

    14. 83. Liability for misuse of credit facilities.

    15. 84. Misuse of credit-tokens.

    16. 85. Duty on issue of new credit-tokens.

    17. 86. Death of debtor or hirer.

    18. Information sheets

      1. 86A.OFT to prepare information sheets on arrears and default

    19. Sums in arrears and default sums

      1. 86B.Notice of sums in arrears under fixed-sum credit agreements etc.

      2. 86C.Notice of sums in arrears under running-account credit agreements

      3. 86D.Failure to give notice of sums in arrears

      4. 86E.Notice of default sums

      5. 86F.Interest on default sums

  9. Part VII Default and Termination

    1. Default notices

      1. 87. Need for default notice.

      2. 88. Contents and effect of default notice.

      3. 89. Compliance with default notice.

    2. Further restriction of remedies for default

      1. 90. Retaking of protected hire-purchase etc. goods.

      2. 91. Consequences of breach of s. 90.

      3. 92. Recovery of possession of goods or land.

      4. 93. Interest not to be increased on default.

      5. 93A. Summary diligence not competent in Scotland.

    3. Early payment by debtor

      1. 94. Right to complete payments ahead of time.

      2. 95. Rebate on early settlement.

      3. 95A.Compensatory amount

      4. 95B.Compensatory amount: green deal finance

      5. 96. Effect on linked transactions.

      6. 97. Duty to give information.

      7. 97A.Duty to give information on partial repayment

    4. Termination of agreements

      1. 98. Duty to give notice of termination (non-default cases).

      2. 98A.Termination etc of open-end consumer credit agreements

      3. 99. Right to terminate hire-purchase etc. agreements.

      4. 100. Liability of debtor on termination of hire-purchase etc. agreement.

      5. 101. Right to terminate hire agreement.

      6. 102. Agency for receiving notice of rescission.

      7. 103. Termination statements.

      8. 104. Goods not to be treated as subject to landlord’s hypothec in Scotland.

  10. Part VIII Security

    1. General

      1. 105. Form and content of securities.

      2. 106. Ineffective securities.

      3. 107. Duty to give information to surety under fixed-sum credit agreement.

      4. 108. Duty to give information to surety under running-account credit agreement.

      5. 109. Duty to give information to surety under consumer hire agreement.

      6. 110. Duty to give information to debtor or hirer.

      7. 111. Duty to give surety copy of default etc. notice.

      8. 112. Realisation of securities.

      9. 113. Act not to be evaded by use of security.

    2. Pledges

      1. 114. Pawn-receipts.

      2. 115. Penalty for failure to supply copies of pledge agreement, etc.

      3. 116. Redemption period.

      4. 117. Redemption procedure.

      5. 118. Loss etc. of pawn-receipt.

      6. 119. Unreasonable refusal to deliver pawn.

      7. 120. Consequence of failure to redeem.

      8. 121. Realisation of pawn.

      9. 122. Order in Scotland to deliver pawn.

    3. Negotiable instruments

      1. 123. Restrictions on taking and negotiating instruments.

      2. 124. Consequences of breach of s. 123.

      3. 125. Holders in due course.

    4. Land mortgages

      1. 126. Enforcement of land mortgages.

  11. Part IX Judicial Control

    1. Enforcement of certain regulated agreements and securities

      1. 127. Enforcement orders in cases of infringement.

      2. 128. Enforcement orders on death of debtor or hirer.

    2. Extension of time

      1. 129. Time orders.

      2. 129A.Debtor or hirer to give notice of intent etc. to creditor or owner

      3. 130. Supplemental provisions about time orders.

    3. Interest

      1. 130A.Interest payable on judgment debts etc.

    4. Protection of property pending proceedings

      1. 131. Protection orders.

    5. Hire and hire-purchase etc. agreements

      1. 132. Financial relief for hirer.

      2. 133. Hire-purchase etc. agreements: special powers of court.

      3. 134. Evidence of adverse detention in hire-purchase etc. cases.

    6. Supplemental provisions as to orders

      1. 135. Power to impose conditions, or suspend operation of order.

      2. 136. Power to vary agreements and securities.

    7. Extortionate credit bargains

      1. 137. Extortionate credit bargains.

      2. 138. When bargains are extortionate.

      3. 139. Reopening of extortionate agreements.

      4. 140. Interpretation of sections 137 to 139.

    8. Unfair relationships

      1. 140A.Unfair relationships between creditors and debtors

      2. 140B.Powers of court in relation to unfair relationships

      3. 140C.Interpretation of ss. 140A and 140B

      4. 140D.Advice and information

    9. Miscellaneous

      1. 141. Jurisdiction and parties.

      2. 142. Power to declare rights of parties.

    10. Northern Ireland

      1. 143. Jurisdiction of county court in Northern Ireland.

      2. 144. Appeal from county court in Northern Ireland.

  12. Part X Ancillary Credit Businesses

    1. Definitions

      1. 145. Types of ancillary credit business.

      2. 146. Exceptions from section 145.

    2. Licensing

      1. 147. Application of Part III.

      2. 148. Agreement for services of unlicensed trader.

      3. 149. Regulated agreements made on introductions by unlicensed credit-broker.

      4. 150. Appeals to Secretary of State against licensing decisions.

    3. Seeking business

      1. 151. Advertisements.

      2. 152. Application of sections 52 to 54 to credit brokerage etc.

      3. 153. Definition of canvassing off trade premises (agreements for ancillary credit services).

      4. 154. Prohibition of canvassing certain ancillary credit services off trade premises.

      5. 155. Right to recover brokerage fees.

    4. Entry into agreements

      1. 156. Entry into agreements.

    5. Credit reference agencies

      1. 157. Duty to disclose name etc. of agency.

      2. 158. Duty of agency to disclose filed information.

      3. 159. Correction of wrong information.

      4. 160. Alternative procedure for business consumers.

      5. 160A.Credit intermediaries

  13. Part XI Enforcement of Act

    1. 161. Enforcement authorities.

    2. 162. Powers of entry and inspection.

    3. 163. Compensation for loss.

    4. 164. Power to make test purchases etc.

    5. 165. Obstruction of authorised officers.

    6. 166. Notification of convictions and judgments to OFT.

    7. 167. Penalties.

    8. 168. Defences.

    9. 169. Offences by bodies corporate.

    10. 170. No further sanctions for breach of Act.

    11. 171. Onus of proof in various proceedings.

    12. 172. Statements by creditor or owner to be binding.

    13. 173. Contracting-out forbidden.

  14. Part XII Supplemental

    1. 174. Restrictions on disclosure of information.

    2. 174A.Powers to require provision of information or documents etc.

    3. 175. Duty of persons deemed to be agents.

    4. 176. Service of documents.

    5. 176A.Electronic transmission of documents

    6. 177. Saving for registered charges.

    7. 178. Local Acts.

    8. Regulations, orders, etc.

      1. 179. Power to prescribe form etc. of secondary documents.

      2. 180. Power to prescribe form etc. of copies.

      3. 181. Power to alter monetary limits etc.

      4. 182. Regulations and orders.

      5. 183. Determinations etc. by OFT.

    9. Interpretation

      1. 184. Associates.

      2. 185. Agreement with more than one debtor or hirer.

      3. 186. Agreement with more than one creditor or owner.

      4. 187. Arrangements between creditor and supplier.

      5. 187A.Definition of ‘default sum’

      6. 188. Examples of use of new terminology.

      7. 189. Definitions.

      8. 189A. Meaning of “consumer credit EEA firm ”

      9. 190. Financial provisions.

      10. 191. Special provisions as to Northern Ireland.

      11. 192. Transitional and commencement provisions, amendments and repeals.

      12. 193. Short title and extent.

  15. SCHEDULES

    1. SCHEDULE A1

      The Consumer Credit Appeals Tribunal

      1. Part 1 Interpretation

        1. 1.In this Schedule— “the Deputy President” means the Deputy President...

      2. Part 2 The Tribunal

        1. The President and the Deputy President

          1. 2.(1) The Lord Chancellor shall appoint one of the members...

        2. Panels

          1. 3.(1) The Lord Chancellor shall appoint a panel of persons...

        3. Terms of office etc.

          1. 4.(1) Each member of the panel of chairmen or the...

        4. Remuneration and allowances

          1. 5.The Lord Chancellor may pay to a person in respect...

        5. Staff and costs

          1. 6.(1) The Lord Chancellor may appoint such staff for the...

      3. Part 3 Constitution of the Tribunal

        1. 7.(1) On an appeal to the Tribunal, the persons to...

      4. Part 4 Tribunal powers and procedure

        1. Sittings

          1. 8.The Tribunal shall sit at such times and in such...

        2. Evidence

          1. 9.(1) Subject to sub-paragraph (2), the Tribunal may, on an...

        3. Rules on procedure

          1. 10.Rules may include, amongst other things, provision—

        4. Council on Tribunals

          1. 11.A member of the Council on Tribunals or of its...

        5. Disposal of appeals

          1. 12.(1) The Tribunal shall decide an appeal by reference to...

        6. Decisions of the Tribunal

          1. 13.(1) A decision of the Tribunal may be taken by...

        7. Costs

          1. 14.(1) Where the Tribunal disposes of an appeal and—

          2. 15.Where— (a) the Tribunal disposes of an appeal or an...

          3. 16.An order of the Tribunal under paragraph 14 or 15...

    2. SCHEDULE 1

      Prosecution and Punishment of Offences

    3. SCHEDULE 2

      Examples of Use of New Terminology

      1. Part I Lists of Terms

      2. Part II

        1. EXAMPLES

        2. Example 1

        3. Facts.Correspondence passes between an employee of a moneylending company (writing...

        4. Analysis.The correspondence constitutes antecedent negotiations falling within section 56(1)(a), the...

        5. Example 2

        6. Facts.Representations are made about goods in a poster displayed by...

        7. Analysis.The representations in the poster constitute antecedent negotiations falling within...

        8. Example 3

        9. Facts.Discussions take place between a shopkeeper and a customer about...

        10. Analysis.The discussions constitute antecedent negotiations falling within section 56(1)(c), the...

        11. Example 4

        12. Facts.Discussions take place and correspondence passes between a secondhand car...

        13. Analysis.The discussions and correspondence constitute antecedent negotiations in relation both...

        14. Example 5

        15. Facts.E agrees to sell to F (an individual) an item...

        16. Analysis.This is a credit-sale agreement (see definition of “credit-sale agreement...

        17. Example 6

        18. Facts.The G Bank grants H (an individual) an unlimited overdraft,...

        19. Analysis.Although the overdraft purports to be unlimited, the stipulation for...

        20. Example 7

        21. Facts.J is an individual who owns a small shop which...

        22. Analysis.Although the agreement appears to provide unlimited credit, it is...

        23. Example 8

        24. Facts.U, a moneylender, lends £500 to V (an individual) knowing...

        25. Analysis.Although this appears to fall under section 11(1)(b), it is...

        26. Example 9

        27. Facts.A agrees to lend B (an individual) £4,500 in nine...

        28. Analysis.This is a cash loan and is a form of...

        29. Example 10

        30. Facts.C (in England) agrees to bail goods to D (an...

        31. Analysis.This is a hire-purchase agreement with a deposit of £1,000...

        32. Example 11

        33. Facts.X (an individual) borrows £500 from Y (Finance). As a...

        34. (a) to execute a second mortgage on his house in...

        35. (b) to take out a policy of insurance on his...

        36. In accordance with the loan agreement, the policy is charged...

        37. Analysis.The second mortgage is a transaction for the provision of...

        38. Example 12

        39. Facts.The N Bank agrees to lend O (an individual) £2,000...

        40. Analysis.The agreement is a consumer credit agreement by virtue of...

        41. Example 13

        42. Facts.Q, a debt-adjuster, agrees to pay off debts owed by...

        43. Analysis.This is an agreement to refinance existing indebtedness of the...

        44. Example 14

        45. Facts.On payment of £1, S issues to T (an individual)...

        46. AnalysisThe trading check is a credit-token falling within section 14(1)(b)....

        47. Example 15

        48. Facts.A retailer L agrees with M (an individual) to open...

        49. Analysis.This agreement provides credit falling within the definition of running-account...

        50. Example 16

        51. Facts.Under an unsecured agreement, A (Credit), an associate of the...

        52. Analysis.This is a credit-token agreement falling within section 14(1)(a) and...

        53. Example 17

        54. Facts.The manager of the C Bank agrees orally with D...

        55. Analysis.In drawing the cheque D, by implication, requests the Bank...

        56. Example 18

        57. Facts.F (an individual) has had a current account with the...

        58. Analysis.It might well be held that the agreement with F...

        59. Example 19

        60. Facts.H (a finance house) agrees with J (a partnership of...

        61. Analysis.This is a personal running-account credit agreement (see sections 8(1)...

        62. Example 20

        63. Facts.K (in England) agrees with L (an individual) to bail...

        64. Analysis.This is not a hire-purchase agreement (see paragraph (b) of...

        65. Example 21

        66. Facts.The P Bank decides to issue cheque cards to its...

        67. Analysis.The agreement under which the cheque card is issued to...

        68. Example 22

        69. Facts.The facts are as in Example 16. On one occasion...

        70. Analysis.In exceeding his credit limit B, by implication, requests A...

        71. Example 23

        72. Facts.Under an oral agreement made on 10th January, X (an...

        73. Analysis.The agreement of 10th January is a consumer credit agreement...

        74. Example 24

        75. Facts.On 1st March 1975 Z (in England) enters into an...

        76. Analysis.When entered into on 1st March 1975, the agreement is...

        77. The effect of the modifying agreement of 1st January 1978...

        78. The total rental under the modifying agreement is £1,850. Accordingly...

    4. SCHEDULE 3

      Transitional and Commencement Provisions

      1. Note.Except as otherwise mentioned in this Schedule, the provisions of...

      2. Part II of Act Credit Agreements, Hire Agreements and Linked Transactions

        1. Regulated agreements

          1. 1.(1) An agreement made before 1st April 1977is not a...

        2. Linked transactions

          1. 2.A transaction may be a linked transaction in relation to...

          2. 3.Section 19(3) applies only to transactions entered into on or...

        3. Total charge for credit

          1. 4.Section 20 applies to consumer credit agreements whenever made.

      3. Part III of Act Licensing of Credit and Hire Businesses

        1. Businesses needing a licence

          1. 5.(1) Section 21 does not apply to the carrying on...

        2. The register

          1. 6.Sections 35 and 36 come into operation on 2nd February...

        3. Enforcement of agreements made by unlicensed trader

          1. 7.Section 40 does not apply to a regulated agreement made...

      4. Part IV of Act Seeking Business

        1. Advertisements

          1. 8.Part IV does not apply to any advertisement published before...

        2. Canvassing

          1. 9.Section 49 comes into operation on 1st October 1977.

        3. Circulars to minors

          1. 10.Section 50 comes into operation on 1st July 1977.

        4. Unsolicited credit-tokens

          1. 11.(1) Section 51(1) does not apply to the giving of...

      5. Part V of Act Entry into Credit or Hire Agreements

        1. Antecedent negotiations

          1. 12.(1) Section 56 applies to negotiations in relation to an...

        2. General

          1. 13.Sections 57 to 59, 61 to 65 and 67 to...

          2. 14.Section 66 comes into operation on 19th May 1985.

      6. Part VI of Act Matters Arising During Currency of Credit or Hire Agreements

        1. Liability of creditor for breaches by supplier

          1. 15.Section 75 comes into operation on 1st July 1977 but...

        2. Duty to give notice

          1. 16.(1) Section 76 comes into operation on 19th May 1985....

        3. Duty to give information

          1. 17.(1) Sections 77 to 80 come into operation on 19th...

        4. Appropriation of payments

          1. 18.Section 81 comes into operation on 19th May 1985.

        5. Variation of agreements

          1. 19.Section 82 comes into operation on 1st April 1977.

        6. Misuse of credit facilities

          1. 20.(1) Sections 83 and 84 come into operation on 19th...

        7. Duty on issue of new credit-tokens

          1. 21.(1) Section 85 comes into operation on 19th May 1985....

        8. Death of debtor or hirer

          1. 22.(1) Section 86 comes into operation on 19th May 1985....

      7. Part VII of Act Default and Termination

        1. Default notices

          1. 23.Sections 87 to 89 come into operation on 19th May...

        2. Retaking of goods and land

          1. 24.Sections 90 and 91 come into operation on 19th May...

          2. 25.Section 92 comes into operation on 19th May 1985.

        3. Interest on default

          1. 26.Section 93 comes into operation on 19th May 1985.

        4. Early payment by debtor

          1. 27.Sections 94 to 97 come into operation on 19th May...

        5. Termination of agreements

          1. 28.Section 98 comes into operation on 19th May 1985.

          2. 29.Section 99 comes into operation on 19th May 1985.

          3. 30.Section 100 comes into operation on 19th May 1985.

          4. 31.Section 101 comes into operation on 19th May 1985.

          5. 32.Section 102 comes into operation on 19th May 1985.

          6. 33.Section 103 comes into operation on 19th May 1985.

          7. 34.Section 104 comes into operation on 19th May 1985.

        6. Old agreements

          1. 35.Part VII (except sections 90, 91, 93 and 99 to...

      8. Part VIII of Act Security

        1. General

          1. 36.Section 105 comes into operation on 19th May 1985.

          2. 37.(1) Sections 107 to 110 come into operation on 19th...

          3. 38.(1) Section 111 comes into operation on 19th May 1985....

        2. Pledges

          1. 39.Sections 114 to 122 come into operation on 19th May...

        3. Negotiable instruments

          1. 40.Sections 123 to 125 come into operation on 19th May...

        4. Land mortgages

          1. 41.Section 126 comes into operation on 19th May 1985.

      9. Part IX of Act Judicial Control

        1. 42.Sections 137 to 140 (extortionate credit bargains) come into operation...

        2. 43.Subject to paragraph 42, Part IX comes into operation on...

      10. Part X of Act Ancillary Credit Businesses

        1. Licensing

          1. 44.(1) Section 21(1) does not apply (by virtue of section...

        2. Enforcement of agreements made by unlicensed trader

          1. 45.Section 148(1) does not apply to an agreement made in...

        3. Introductions by unlicensed credit-broker

          1. 46.Section 149 does not apply to a regulated agreement made...

        4. Advertisements

          1. 47.Subsections (1) and (2) of section 151 do not apply...

        5. Credit reference agencies

          1. 48.Sections 157 and 158 do not apply to a request...

      11. Part XII of Act Supplemental

        1. Interpretation

          1. 49.(1) In the case of an agreement—

          2. 50.In section 189, the definition of “local authority ” shall...

    5. SCHEDULE 4.

      MINOR AND CONSEQUENTIAL AMENDMENTS

      1. PART I UNITED KINGDOM

        1. Bills of Sale Act (1878) Amendment Act 1882

          1. 1.The following section shall be inserted after section 7 Default...

        2. Factors Act 1889

          1. 2.At the end of section 9 insert For the purposes...

          2. 3, 4.. . . . . . . . . ....

        3. Law of Distress Amendment Act 1908

          1. 5.The following section shall be inserted after section 4— Hire...

        4. Bankruptcy Act 1914

          1. 6.The following section shall be inserted after section 38— Hire...

        5. Compensation (Defence) Act 1939

          1. 7.In section 13 after “hire-purchase agreement ” insert “or a...

          2. 8.In section 17(1)— (1) After the definition of “aircraft ”...

        6. Liability for War Damage (Miscellaneous Provisions) Act 1939

          1. 9.In section 1(3), for paragraphs (a) and (b) substitute—

          2. 10.. . . . . . . . . ....

        7. Rag Flock and Other Filing Materials Act 1951

          1. 11.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        8. Reserve and Auxiliary Forces (Protection of Civil Interest) Act 1951

          1. 12.In section 4 for subsections (4), (5) and (6), substitute—...

          2. 13.For section 10 substitute— Property in goods subject to hire-purchase...

          3. 14.In section 64(I)— (1) after the definition of “compulsory national...

        9. Clean Air Act 1956

          1. 15.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

          2. 16.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        10. Restrictive Trade Practices Act 1956

          1. 17.For section 26(3) substitute— (3) In this Part of this...

        11. Housing Act 1957

          1. 18.For section 94 substitute— Power to provide furniture. A local authority may fit out, furnish and supply any...

        12. County Courts Act 1959

          1. 19.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

          2. 20, 21.. . . . . . . . . ....

        13. Hire Purchase Act 1964

          1. 22.For Part III substitute the following (which reproduces the existing...

        14. Emergency Laws (Re-enactment and Repeals) Act 1964

          1. 23.In section 1— (1) In subsection (1) for “or credit-sale...

        15. Trading Stamps Act 1964

          1. 24.In section 2, for subsection (1) substitute— No person shall after the coming into force of this...

          2. 25.In section 3, for subsection (4) substitute—

          3. 26.In section 10(1)— (1) after the definition of “cash value...

        16. Housing (Scotland) Act 1966

          1. 27.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        17. Trade Descriptions Act 1968

          1. 28.In section 28, insert the following new subsection after subsection...

          2. 29.. . . . . . . . . ....

        18. Administration of Justice Act 1970

          1. 30.After section 38 insert the following new section— This Part of this Act shall not apply to a...

          2. 31.In section 54(6)(c) after “36 ” insert “38A ”.

        19. Vehicles (Excise) Act 1971

          1. 32.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

          2. 33.. . . . . . . . . ....

        20. Counter-Inflation Act 1973

          1. 34.In section 21(5)— (a) for “total purchase price or hire-purchase...

        21. Supply of Goods (Implied Terms) Act 1973

          1. 35.For sections 8 to 12 substitute the following sections (which...

          2. 36.For sections 14 and 15 substitute the following sections (which...

        22. Fair Trading Act 1973

          1. 37.For section 138(5) substitute— (5) In subsection (4) of this...

      2. Part II NORTHERN IRELAND

        1. Irish Bankrupt and Insolvent Act 1857

          1. 38.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        2. Bills of Sale (Ireland) Act (1879) Amendment Act 1883

          1. 39.The following section shall be inserted after section 7:— Defaults...

        3. Liability for War Damage (Miscellaneous Provisions) Act (Northern Ireland) 1939

          1. 40.In section 1(3), for paragraph (a) and (b) substitute—

          2. 41, 42.. . . . . . . . . ....

        4. Trading Stamps Act (Northern Ireland) 1965

          1. 43.In section 2, for subsection (1) substitute—

          2. 44.In section 3, for subsection (4) substitute—

          3. 45.In section 9— (1) after the definition of “cash value...

          4. 46, 47.. . . . . . . . . ....

          5. 48.. . . . . . . . . ....

        5. Hire-Purchase Act (Northern Ireland) 1966

          1. 49.For Part VI substitute the following (which reproduces the existing...

        6. Vehicles (Excise) Act (Northern Ireland) 1972

          1. 50.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        7. Miscellaneous Transferred Excise Duties Act (Northern Ireland) 1972

          1. 51.In section 1(2) for “VII ” where first occurring substitute...

    6. Schedule 5

      Repeals