Consumer Credit Act 1974 (c. 39)

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

Valid from 01/02/2011

[F1 82A Assignment of rights U.K.

(1) Where rights of a creditor under a regulated consumer credit agreement are assigned to a third party, the assignee must arrange for notice of the assignment to be given to the debtor—

(a) as soon as reasonably possible, or

(b) if, after the assignment, the arrangements for servicing the credit under the agreement do not change as far as the debtor is concerned, on or before the first occasion that they do.

(2) This section does not apply to an agreement secured on land.]

Textual Amendments

F1 S. 82A inserted (1.2.2011) by The Consumer Credit (EU Directive) Regulations 2010 (S.I. 2010/1010), regs. 36, 99(1) (with regs. 100, 101)