Consumer Credit Act 1974

27 Determination of applications.E+W+S+N.I.

(1)Unless the [F1OFT] determines to issue a licence in accordance with an application [F2it] shall, before determining the application, by notice—

(a)inform the applicant, giving [F3its] reasons, that, as the case may be, [F2it] is minded to refuse the application, or to grant it in terms different from those applied for, describing them, and

(b)invite the applicant to submit to the [F1OFT] representations in support of his application in accordance with section 34.

(2)If the [F1OFT] grants the application in terms different from those applied for then, whether or not the applicant appeals, the [F1OFT] shall issue the licence in the terms approved by [F4it] unless the applicant by notice informs [F4it] that he does not desire a licence in those terms.

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