Section 129A Debtor or hirer to give notice of intent etc. to creditor or ownerF1 C1

(1)

A debtor or hirer may make an application under section 129(1)(ba) in relation to a regulated agreement only if—

(a)

following his being given the notice under section 86B or 86C, he gave a notice within subsection (2) to the creditor or owner; and

(b)

a period of at least 14 days has elapsed after the day on which he gave that notice to the creditor or owner.

(2)

A notice is within this subsection if it—

(a)

indicates that the debtor or hirer intends to make the application;

(b)

indicates that he wants to make a proposal to the creditor or owner in relation to his making of payments under the agreement; and

(c)

gives details of that proposal.

Annotations

F1: S. 129A inserted (1.10.2008) by Consumer Credit Act 2006 (c. 14), ss. {16(2)}, 71(2); S.I. 2007/3300, art. 3(3), Sch. 3

C1: Ss. 129-130 excluded (E.W.S.) (15.7.2014) by The Financial Services and Markets Act 2000 (Regulated Activities) (Green Deal) (Amendment) Order 2014 (S.I. 2014/1850), arts. 1(2), 12(2) (with art. 1(3))