The Consumer Credit (Exempt Agreements) (Amendment) (No. 2) Order 1996

Statutory Instruments

1996 No. 3081

CONSUMER CREDIT

The Consumer Credit (Exempt Agreements) (Amendment) (No. 2) Order 1996

Made

9th December 1996

Laid before Parliament

10th December 1996

Coming into force

6th January 1997

The Secretary of State, after consulting in accordance with section 16(3) of the Consumer Credit Act 1974(1) the persons referred to therein, in exercise of the powers conferred upon him by sections 16(1) and (4) 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) (No. 2) Order 1996 and shall come into force on 6th January 1997.

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

(a) in Part I, under “INSURANCE COMPANIES”—

(i) by the insertion, after

• “Clerical Medical and General Life Assurance Society”, of “Colonial Life (UK) Limited”,

(ii) by the deletion of

• “Colonial Mutual Life (Unit Assurances) Limited”, and

(b) by substituting for Part III the following Part—

“PART III BODIES CORPORATE NAMED OR SPECIFICALLY REFERRED TOIN AN ORDER MADE UNDER SECTION 156(4), 444(1) OR 447(2)(a)OF THE HOUSING ACT 1985

• Abbey Life Executive Mortgages Limited

• Abbey Life Funding Limited

• Abbey Life Home Loans Limited

• Abbey Life Home Services Limited

• Abbey Life Mortgage Finance Limited

• Abbey Life Mortgage Loans Limited

• Abbey Life Mortgage Securities Limited

• Abbey Life Residential Loans Limited

• Albion Home Loans Limited

• Alliance & Leicester Mortgage Loans Limited

• Alliance & Leicester Mortgage Loans (No. 2) Limited

• Alliance & Leicester Mortgage Loans (No. 3) Limited

• Alliance & Leicester Mortgage Loans (No. 4) Limited

• Bradford & Bingley Homeloans Limited

• Bradford & Bingley Homeloans Management Limited

• Bradford & Bingley Loans Limited

• Bradford & Bingley Management Limited

• Bradford & Bingley Mortgages Limited

• Bradford & Bingley Mortgage Management Limited

• Bradford & Bingley Secured Loans Limited

• Bradford & Bingley Secured Loans Management Limited

• Britannia Mortgage Company Number One Limited

• Britannia Mortgage Company Number Two Limited

• Chelsea Mortgage Services Limited

• CIS Home Loans Limited

• CIS Mortgage Finance Limited

• CIS Mortgage Maker Limited

• CIS Residential Mortgages Limited

• CL Mortgages Limited

• Darlington Mortgage Services Limited

• Derbyshire Home Loans Limited

• General Portfolio Finance Limited

• Gracechurch Mortgage Finance (No. 2) PLC

• Gracechurch Mortgage Finance (No. 3) PLC

• Halifax Loans Limited

• Halifax Loans (No. 2) Limited

• Halifax Loans (No. 3) Limited

• Halifax Loans (No. 4) Limited

• HMC First Home National PLC

• Home Loans Direct Limited

• Home Loans Direct Funding PLC

• Household Mortgage Corporation PLC

• Ipswich Mortgage Services Limited

• LBS Mortgages Limited

• Leamington Mortgage Corporation Limited

• Leeds & Holbeck Mortgage Corporation Limited

• Leeds & Holbeck Mortgage Funding Limited

• Legal and General Mortgage Services Limited

• Lombard Home Loans Limited

• London and Manchester (Mortgages) (No. 1) Limited

• London and Manchester (Mortgages) (No. 2) Limited

• London and Manchester (Mortgages) (No. 3) Limited

• London and Manchester (Mortgages) (No. 4) Limited

• London and Manchester (Mortgages) (No. 5) Limited

• Market Harborough Mortgages Limited

• The Mortgage Corporation Limited

• The National Home Loans Corporation plc

• National Mutual Home Loans plc

• National Westminster Home Loans Limited

• Newbury Mortgage Services Limited

• Northern Rock Mortgage Services Limited

• North Yorkshire Mortgages Limited

• Norwich and Peterborough (LBS) Limited

• Norwich Union Mortgage Finance Limited

• Royal London Homebuy Limited

• Saffron Walden Mortgage Services Limited

• Secured Residential Funding PLC

• Stroud and Swindon Mortgage Company Limited

• Stroud and Swindon Mortgage Company (No. 2) Limited

• Sun Life of Canada Home Loans Limited

• Wesleyan Home Loans Limited

• West Bromwich Mortgage Company Limited.”

John M. Taylor

Parliamentary Under-Secretary of State for Corporate and Consumer Affairs,

Department of Trade and Industry

9th December 1996

Explanatory Note

(This note is not part of the Order)

This Order provides for further miscellaneous amendments to be made to the Consumer Credit (Exempt Agreements) Order 1989.

It removes the name of one insurance company from the list of insurance companies in Part I of Schedule 1 to the Order and inserts the name of one other in that list. It also adds the names of seven bodies corporate named in Orders made under the Housing Act 1985 to the list of such bodies in Part III of that Schedule by substituting a new Part III.

(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, 1991/2844, 1993/346, 1993/2922, 1994/2420, 1995/1250, 1995/2914 and 1996/1445.