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The Consumer Credit (Realisation of Pawn) (Amendment) Regulations 1998
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- 1998 No. 998
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations amend the Consumer Credit (Realisation of Pawn) Regulations 1983 which prescribe matters relating to the sale of pawns which have been taken as security for credit.
They increase from £50, to £100, the amount of credit or the limit to credit granted in relation to which the requirement for a creditor to give notice to the debtor of his intention to sell the article pawned as security for credit does not apply.
A Regulatory Appraisal of the costs and benefits that will result from these Regulations will be available in the libraries of the Houses of Parliament when the Regulations, having been made, are laid before Parliament and from the Consumer Affairs and Competition Policy Directorate, the Department of Trade and Industry, 1 Victoria Street, London SW1H 0ET.
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