{
  "url": "https://openlegislation.uk/consumer-credit-act-1974-commencement-no-7-order-1981/note",
  "json_url": "https://openlegislation.uk/consumer-credit-act-1974-commencement-no-7-order-1981/note.json",
  "legislation": "uksi/1981/280",
  "legislation_title": "The Consumer Credit Act 1974 (Commencement No. 7) Order 1981",
  "legislation_url": "https://openlegislation.uk/consumer-credit-act-1974-commencement-no-7-order-1981",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "This Order appoints (see Article 2 ) 30th March 1981 as the day on which repeals specified in Schedule 5 to the Consumers Credit Act 1974 of the provisions in section 14 of the Moneylenders Act 1927 and the Moneylenders Act (Northern Ireland) 1933 as to the maximum rate of interest charged on pawnbrokers' loans by moneylenders come into operation in relation to consumer credit agreements made on or after that day. Such loans will remain subject to the provisions of section 137 of the Consumer Credit Act 1974 governing extortionate credit bargains. The Consumer Credit Act 1974 (Commencement No. 5) Order 1979 (S.I. 1979/1685) appointed 27th January 1980 as the day for certain repeals, including repeals of the provisions in question, to come into operation in relation to agreements which are not consumer credit agreements.\nMoneylenders who comply with the special provisions as to pawnbrokers' loans in section 14 of the Moneylenders Act 1927 or the Moneylenders Act (Northern Ireland) 1933 do not have to comply with the provisions of sections 6 (form of contracts), 12 (prohibition of charge for expenses on loans by moneylenders) and 13 (limitation of time for proceedings in respect of money lent by moneylenders) of those Acts.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1981/280/note",
    "retrieved_at": "2026-10-29T18:44:50.089762+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}