The Consumer Credit (EU Directive) Regulations 2010

Assignment of rights

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36.  After section 82 (variation of agreements), insert—

Assignment of rights

82A.  (1)  Where rights of a creditor under a regulated consumer credit agreement are assigned to a third party, the assignee must arrange for notice of the assignment to be given to the debtor—

(a)as soon as reasonably possible, or

(b)if, after the assignment, the arrangements for servicing the credit under the agreement do not change as far as the debtor is concerned, on or before the first occasion that they do.

(2) This section does not apply to an agreement secured on land..