Consumer Credit Act 2006

5 Consequential amendments relating to ss. 1 to 4

(1) In section 8(3) of the 1974 Act (which defines regulated consumer credit agreements) after “16” insert “, 16A or 16B”.

(2) In section 10 of that Act (running-account credit and fixed-sum credit)—

(a) in subsection (1) for “personal” wherever occurring substitute “consumer”;

(b) in subsection (3)—

(i) for “section 8(2)” substitute “paragraph (a) of section 16B(1)”;

(ii) for “subsection” substitute “paragraph”.

(3) In section 17(2) of that Act (small agreements) for “8(2)” substitute “16B(1)(a)”.

(4) In section 145(4) of that Act (types of hire businesses relevant to credit brokerage) after paragraph (a) insert—

“(aa) a business which comprises or relates to consumer hire agreements being, otherwise than by virtue of section 16(6), exempt agreements;”.

(5) In subsection (1) of section 158 of that Act (duty of credit reference agency to disclose filed information) for paragraph (a) substitute—

“(a) a request in writing to that effect from a consumer,”.

(6) After subsection (4) of that section insert—

“(4A) In this section ‘consumer’ means—

(a) a partnership consisting of two or three persons not all of whom are bodies corporate; or

(b) an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership.”

(7) In section 181(1) and (2) of that Act (power to alter monetary limits etc.) for “8(2), 15(1)(c)” substitute “16B(1)”.

(8) In subsection (5) of section 185 of that Act (agreement with more than one debtor or hirer)—

(a) in paragraph (b) for “a body corporate” substitute “not an individual”;

(b) for “the body corporate or bodies corporate” substitute “each person within paragraph (b)”.

(9) In subsection (6) of that section after “a body corporate” insert “within paragraph (b) of that subsection”.

(10) In section 189(1) of that Act (definitions) in the definition of “exempt agreement” after “16” insert “, 16A or 16B”.