The Consumer Credit (Exempt Agreements) (Amendment) Order 1993

Statutory Instruments

1993 No. 346

CONSUMER CREDIT

The Consumer Credit (Exempt Agreements) (Amendment) Order 1993

Made

16th February 1993

Laid before Parliament

24th February 1993

Coming into Force

18th March 1993

The Secretary of State, after consulting in accordance with section 16(3) of the Consumer Credit Act 1974(1) the persons therein referred to, in exercise of the powers conferred on him by sections 16(1), (4) and (5) and 182(2) and (4) of that Act and of all other powers enabling him in that behalf, hereby makes the following Order:

1.  This Order may be cited as the Consumer Credit (Exempt Agreements) (Amendment) Order 1993 and shall come into force on 18th March 1993.

2.  The Consumer Credit (Exempt Agreements) Order 1989(2) is hereby amended in Schedule 1—

(a) in Part I, under “FRIENDLY SOCIETIES”, by deleting—

(i) the entries—

• “Hazel Grove Provident Burial Society”

• “Hoddesdon Provident and Annuity Society” and

• “Nottingham Permanent Mutual Money Society”;

(ii) the entries “City of Glasgow Friendly Society” and “Devon and Exeter Men’s Equitable Benefit Society” and substituting therefore, at the appropriate places in alphabetical order, the entries respectively “Scottish Friendly Assurance Society” and “The Exeter Equitable Friendly Society”;

(b) in Part III, by making the following insertions after the entry “Abbey Life Residential Loans Limited”—

• “Bradford & Bingley Homeloans Limited”

• “Bradford & Bingley Homeloans Management Limited”

• “Bradford & Bingley Mortgages Limited” and

• “Bradford & Bingley Mortgage Management Limited”;

• and

(c) in Part IV, by substituting for the entry “Merchants National Bank & Trust Company of Indianapolis” the entry “National City Bank, Indiana”.

Denton of Wakefield

Parliamentary Under-Secretary of State for Consumer Affairs and Small Firms,

Department of Trade and Industry

16th February 1993

Explanatory Note

(This note is not part of the Order)

This Order further amends the Consumer Credit (Exempt Agreements) Order 1989, insofar as it provides exemption for the purposes of the Consumer Credit Act 1974 of certain consumer credit agreements where the creditor is a body specified in Schedule 1 to that Order, by deleting the names of three bodies from, and amending the names of two bodies in, the list in Part I of that Schedule, by adding the names of four bodies to the list in Part III of that Schedule and by amending the name of one body in the list in Part IV of that Schedule.

(1)

1974 c. 39; section 16 was amended by the Employment Protection Act 1975 (c. 71), section 125 and Schedule 18; the Telecommunications Act 1984 (c. 12), section 109 and Schedule 4, paragraph 60; the Building Societies Act 1986 (c. 53), section 120 and Schedules 18 and 19; the Housing and Planning Act 1986 (c. 63), section 22; the Banking Act 1987 (c. 22), section 88; the Housing (Scotland) Act 1987 (c. 26), section 339 and Schedule 23, paragraph 21 and the Housing Act 1988 (c. 50), section 140 and Schedule 17, paragraph 20.

(2)

S.I. 1989/869, amended by S.I. 1989/1841, 1989/2337, 1991/1393, 1991/1949 and 1991/2844.