SCHEDULES
SCHEDULE 3Transitional Provision and Savings
Unfair relationships
I114
1
The court may make an order under section 140B of the 1974 Act in connection with a credit agreement made before the commencement of section 20 of this Act but only—
a
on an application of the kind mentioned in paragraph (a) of subsection (2) of section 140B made at a time after the end of the transitional period; or
b
at the instance of the debtor or a surety in any proceedings of the kind mentioned in paragraph (b) or (c) of that subsection which were commenced at such a time.
2
But the court shall not make such an order in connection with such an agreement so made if the agreement—
a
became a completed agreement before the commencement of section 20; or
b
becomes a completed agreement during the transitional period.
3
Expressions used in sections 140A to 140C of the 1974 Act have the same meaning in this paragraph as they have in those sections.
4
In this paragraph “the transitional period” means the period of one year beginning with the day of the commencement of section 20.
5
An order under section 69 of this Act may extend, or further extend, the transitional period.