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The Consumer Credit (Advertisements) Regulations 1989

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  1. Introductory Text

  2. PART I PRELIMINARY

    1. 1.Citation, commencement, interpretation and revocation

  3. PART II FORM AND CONTENT OF ADVERTISEMENTS

    1. 2.General rules

    2. 3.Representative terms

  4. PART III SPECIAL PROVISIONS FOR CREDIT ADVERTISEMENTS

    1. 4.Credit advertisements in dealers' publications covering a calendar or seasonal period

    2. 5.Full credit advertisements in dealers' publications

    3. 6.Credit advertisements on the premises of a dealer

    4. 7.Restrictions on certain expressions in credit advertisements

    5. 8.Prominence to be afforded to the APR in credit advertisements and wording of prescribed information

  5. PART IV GENERAL

    1. 9.Application of Regulations

    2. 10.Transitional provisions

  6. Signature

    1. SCHEDULE 1

      INFORMATION IN CREDIT ADVERTISEMENTS

      1. PART I maximum information that may be contained in simple credit advertisementsin whole or in part

        1. 1.Name

        2. 2.Logo

        3. 3.Address

        4. 4.Telephone number

        5. 5.Occupation

        6. 6.Other information

      2. PART II maximum information to be contained in intermediate credit advertisementsCompulsory information

        1. 1.Name and address or telephone number

        2. 2.Security

        3. 3.Insurance

        4. 4.Deposit of money in an account

        5. 5.Credit-broker’s fee

        6. 6.Information about terms of business

        7. 7.APR

        8. 8.Cash price

        9. 9.Foreign currency mortgages

        10. 10.Optional information

      3. PART III minimum information to be contained in full credit advertisements

        1. 1.Name and address

        2. 2.Security

        3. 3.Insurance

        4. 4.Deposit of money in an account

        5. 5.Credit-broker’s fee

        6. 6.Quotation

        7. 7.APR

        8. 8.Restricted offers of credit to class or group of persons

        9. 9.Nature of security not affecting debtor’s home

        10. 10.Frequency, number and amount of advance payments

        11. 11.Different treatment of cash and credit purchasers

        12. 12.Frequency, number and amount of repayments of credit

        13. 13.Other payments and charges

        14. 14.Total amount payable by the debtor

        15. 15.Cash price

        16. 16.Foreign currency mortgages

    2. SCHEDULE 2

      INFORMATION IN HIRE ADVERTISEMENTS

      1. PART I maximum information that may be contained in simple hire advertisementsin whole or in part

        1. 1.Name

        2. 2.Logo

        3. 3.Address

        4. 4.Telephone number

        5. 5.Occupation

        6. 6.Other information

      2. PART II maximum information to be contained in intermediate hire advertisementsCompulsory information

        1. 1.Name and address or telephone number

        2. 2.Nature of transaction

        3. 3.Security

        4. 4.Insurance

        5. 5.Deposit of money in an account

        6. 6.Credit-broker’s fee

        7. 7.Information about terms of business

        8. 8.Optional information

      3. PART III minimum information to be contained in full hire advertisement

        1. 1.Name and address

        2. 2.Nature of transaction

        3. 3.Security

        4. 4.Insurance

        5. 5.Deposit of money in an account

        6. 6.Credit-broker’s fee

        7. 7.Quotation

        8. 8.Restricted offers of hire facilities to class or group of persons

        9. 9.Nature of security not affecting hirer’s home

        10. 10.Frequency, number and amount of advance payments

        11. 1.Duration of hire

        12. 12.Frequency and amount of hire payments

        13. 13.Other payments and charges

        14. 14.Variable payments and charges

    3. SCHEDULE 3

      PROVISIONS RELATING TO DISCLOSURE OF THE TOTAL CHARGE FOR CREDIT AND THE APR

      1. 1.Use of representative information in calculation of the total charge for credit and the APR

      2. 2.Permissible tolerances in disclosure of the APR

      3. 3.Tolerance where repayments are nearly equal

      4. 4.Tolerance where interval between relevant date and first repayment is greater than interval between repayments

      5. 5.Tolerance where Consumer credit tables do not exactly apply

      6. 6.Tolerance where period rate of charge is charged

    4. SCHEDULE 4

      REVOCATIONS

  7. Explanatory Note

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