# Banking Act 1987 (repealed), Section 89: Electronic transfer of funds.

Extent: E+W+S+N.I.

After section 187(3) of the Consumer Credit Act 1974 (arrangements to be disregarded in determining whether a consumer credit agreement is to be treated as entered into in accordance with prior or in contemplation of future arrangements between creditor and supplier) there shall be inserted—
“(3A) Arrangements shall also be disregarded for the purposes of subsections (1) and (2) if they are arrangements for the electronic transfer of funds from a current account at a bank within the meaning of the Bankers’ Books Evidence Act 1879.”

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Source: https://www.legislation.gov.uk/ukpga/1987/22/section/89 (the official version)
Page: https://openlegislation.uk/banking-act-1987-repealed/section-89
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.