The Consumer Credit (Cancellation Notices and Copies of Documents) (Amendment) Regulations 1989

Statutory Instruments

1989 No. 591

CONSUMER CREDIT

The Consumer Credit (Cancellation Notices and Copies of Documents) (Amendment) Regulations 1989

Made

3rd April 1989

Laid before Parliament

10th April 1989

Coming into force

3rd May 1989

The Secretary of State, in exercise of the powers conferred on him by sections 180(3) and 182(2) of the Consumer Credit Act 1974(1) and of all other powers enabling him in that behalf, hereby makes the following Regulations:

1.  These Regulations may be cited as the Consumer Credit (Cancellation Notices and Copies of Documents) (Amendment) Regulations 1989 and shall come into force on 3rd May 1989.

2.  The Consumer Credit (Cancellation Notices and Copies of Documents) Regulations 1983(2) are hereby amended in regulation 11 by the addition of the following paragraph–

“(h) in the case of an unexecuted or executed agreement where the prospective regulated agreement or regulated agreement as the case may be is to be or is secured on land, any document referred to in the unexecuted agreement or executed agreement as the case may be in a case where the debtor or hirer has earlier been supplied with a copy of that document in an identical form by virtue of any requirement of the Act.”

Francis Maude

Parliamentary Under-Secretary of State,

Department of Trade and Industry

3rd April 1989

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend the Consumer Credit (Cancellation Notices and Copies of Documents) Regulations 1983 by providing that further copies of a document referred to in an executed or unexecuted agreement secured or to be secured on land need not be provided in a case where the debtor or hirer has already been supplied with a copy of that document in an identical form.

(1)

1974 c. 39.

(2)

S.I. 1983/1557, to which there are amendments not relevant to these Regulations.