PART II CONTENT OF QUOTATIONS

2 Interpretation of Part II
1 In this Part—
“the Act” means the Consumer Credit Act 1974;
“quotation” means any document by which a person gives a prospective customer information about the terms on which he is prepared to do business, but does not include—
(a) any document which is also an advertisement to which Part IV of the Act applies or an advertisement to which sections 44 to 47 of the Act are applied by section 151(1);
(b) any document given to a prospective customer under section 58 of the Act (opportunity for withdrawal from prospective land mortgage);
(c) any document sent to a prospective customer for signature which embodies the terms (or such of them as it is intended to reduce to writing) of a prospective personal credit agreement or a prospective agreement for the bailment of goods; or
(d) any copy of an unexecuted agreement delivered or sent to a prospective customer under section 62 of the Act (duty to supply copy of unexecuted agreement);
“secured” means secured by a mortgage or charge or, in Scotland, by a standard security within the meaning of the Conveyancing and Feudal Reform (Scotland) Act 1970;
“the specified form” means—
(a) in capital letters;
(b) clear and legible; and
(c) prominent; and
“trader” means a person who carries on one or more of the following—
(a) a consumer credit business;
(b) a consumer hire business; and
(c) a business in the course of which he provides credit to individuals secured on land.
1970 c. 35.
2 Any reference in these Regulations to bailment is in Scotland a reference to hiring.
3 In these Regulations, references to a trader or credit-broker providing a quotation to a prospective customer include—
(a) a trader or credit-broker providing a quotation through a person acting on his behalf; and
(b) a trader or credit-broker providing a quotation to a person acting on behalf of a prospective customer;
and providing a quotation includes making one available temporarily.