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Consumer Credit Act 2006

Status:

This is the original version (as it was originally enacted).

  1. Introductory Text

  2. Agreements regulated under the 1974 Act etc.

    1. 1.Definition of “individual”

    2. 2.Removal of financial limits etc.

    3. 3.Exemption relating to high net worth debtors and hirers

    4. 4.Exemption relating to businesses

    5. 5.Consequential amendments relating to ss. 1 to 4

  3. Statements to be provided in relation to regulated credit agreements

    1. 6.Statements to be provided in relation to fixed-sum credit agreements

    2. 7.Further provision relating to statements

  4. Default under regulated agreements

    1. 8.OFT to prepare information sheets on arrears and default

    2. 9.Notice of sums in arrears under fixed-sum credit agreements etc.

    3. 10.Notice of sums in arrears under running-account credit agreements

    4. 11.Failure to give notice of sums in arrears

    5. 12.Notice of default sums

    6. 13.Interest on default sums

    7. 14.Default notices

    8. 15.Enforceability of regulated agreements

    9. 16.Time orders

    10. 17.Interest payable on judgment debts etc.

    11. 18.Definition of “default sum”

  5. Unfair relationships

    1. 19.Unfair relationships between creditors and debtors

    2. 20.Powers of court in relation to unfair relationships

    3. 21.Interpretation of ss. 140A and 140B of the 1974 Act

    4. 22.Further provision relating to unfair relationships

  6. Businesses requiring a licence and consequences of not being licensed

    1. 23.Definitions of “consumer credit business” and “consumer hire business”

    2. 24.Debt administration etc.

    3. 25.Credit information services

    4. 26.Enforcement of agreements by unlicensed trader etc.

  7. Applications for licences and fitness to hold a licence etc.

    1. 27.Charge on applicants for licences etc.

    2. 28.Applications for standard licences

    3. 29.Issue of standard licences

    4. 30.Guidance on fitness test

    5. 31.Variation of standard licences etc.

    6. 32.Winding-up of standard licensee’s business

    7. 33.Consequential amendments relating to ss. 27 to 32

  8. Duration of licences and charges

    1. 34.Definite and indefinite licences

    2. 35.Charges for indefinite licences

    3. 36.Extension of period to pay charge for indefinite licence

    4. 37.Failure to pay charge for indefinite licence

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

    1. 38.Power of OFT to impose requirements on licensees

    2. 39.Power of OFT to impose requirements on supervisory bodies

    3. 40.Supplementary provision relating to requirements

    4. 41.Procedure in relation to requirements

    5. 42.Guidance on requirements

    6. 43.Consequential amendments relating to requirements

  10. Powers and duties in relation to information

    1. 44.Provision of information etc. by applicants

    2. 45.Duties to notify changes in information etc.

    3. 46.Power of OFT to require information generally

    4. 47.Power of OFT to require access to premises

    5. 48.Entry to premises under warrant

    6. 49.Failure to comply with information requirement

    7. 50.Officers of enforcement authorities other than OFT

    8. 51.Consequential amendments relating to information

  11. Civil penalties

    1. 52.Power of OFT to impose civil penalties

    2. 53.Further provision relating to civil penalties

    3. 54.Statement of policy in relation to civil penalties

  12. Appeals

    1. 55.The Consumer Credit Appeals Tribunal

    2. 56.Appeals to the Consumer Credit Appeals Tribunal

    3. 57.Appeals from the Consumer Credit Appeals Tribunal

    4. 58.Consequential amendments relating to appeals

  13. Ombudsman scheme

    1. 59.Financial services ombudsman scheme to apply to consumer credit licensees

    2. 60.Funding of ombudsman scheme

    3. 61.Consequential amendments relating to ombudsman scheme

  14. Miscellaneous

    1. 62.Monitoring of businesses by OFT

    2. 63.Disapplication of s.101 of the 1974 Act

    3. 64.Determinations etc. by OFT

    4. 65.Sums received by OFT

  15. Final provisions

    1. 66.Financial provision

    2. 67.Interpretation

    3. 68.Consequential amendments

    4. 69.Transitional provision and savings

    5. 70.Repeals

    6. 71.Short title, commencement and extent

    1. Schedule 1

      Schedule A1 to the 1974 Act

    2. Schedule 2

      Part 3A of Schedule 17 to the 2000 Act

    3. Schedule 3

      Transitional Provision and Savings

    4. Schedule 4

      Repeals

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