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25.—(1) This regulation makes provision about when consideration may be accepted in relation to regulated contracts.
(2) Paragraph (3) applies in relation to a timeshare contract, long-term holiday product contract or exchange contract.
(3) No person may accept any consideration from the consumer before the end of the withdrawal period in relation to the contract (see regulation 21).
(4) Paragraph (5) applies in relation to a resale contract, the subject of which is rights under a timeshare contract or long-term holiday product contract.
(5) No person may accept any consideration from the consumer before—
(a)the sale of those rights takes place, or
(b)the contract is otherwise terminated.
(6) For the purposes of this regulation “consideration” includes any of the following—
(a)payments,
(b)guarantees,
(c)reservations of money on account,
(d)acknowledgements of debt.
(7) A person who contravenes paragraph (3) or (5) commits an offence.
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