Consumer Credit (Agreements) Regulations 1983
This section has no associated Explanatory Memorandum
53. In regulation 8 (application of regulations), after paragraph (1), insert—
“(1A) These Regulations apply in respect of the following regulated agreements—
(a)agreements secured on land;
(b)agreements under which the creditor provides the debtor with credit exceeding £60,260; and
(c)agreements entered into by the debtor wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by him.
except to the extent that the Consumer Credit (Agreements) Regulations 2010 apply to such agreements.
(1B) Subsections (2) to (5) of section 16B of the Act (declaration by the debtor as to the purposes of the agreement) apply for the purposes of paragraph (1A)(c)).”.