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Consumer Credit Act 1974
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- UK Public General Acts
- 1974 c. 39
- PART II
- Section 12
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12Debtor-creditor-supplier agreements
A debtor-creditor-supplier agreement is a regulated consumer credit agreement being—
(a)a restricted-use credit agreement which falls within section l1(1)(a), or
(b)a restricted-use credit agreement which falls within section 11(1)(b) and is made by the creditor under pre-existing arrangements, or in contemplation of future arrangements, between himself and the supplier, or
(c)an unrestricted-use credit agreement which is made by the creditor under pre-existing arrangements between himself and a person (the " supplier ") other than the debtor in the knowledge that the credit is to be used to finance a transaction between the debtor and the supplier.
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