{
  "url": "https://openlegislation.uk/consumer-credit-act-1974/section-172",
  "json_url": "https://openlegislation.uk/consumer-credit-act-1974/section-172.json",
  "legislation": "ukpga/1974/39",
  "legislation_title": "Consumer Credit Act 1974",
  "legislation_url": "https://openlegislation.uk/consumer-credit-act-1974",
  "path": "section/172",
  "kind": "section",
  "number": "172",
  "heading": "Statements by creditor or owner to be binding.",
  "text": "(1) A statement by a creditor or owner is binding on him if given under—\nsection 77(1),\nsection 78(1),\nsection 79(1),\nsection 97(1),\nsection 107(1)(c),\nsection 108(1)(c), or\nsection 109(1)(c),\n(2) Where a trader—\n(a) gives a customer a notice in compliance with section 103(1)(b), or\n(b) gives a customer a notice under section 103(1) asserting that the customer is not indebted to him under an agreement,\nthe notice is binding on the trader.\n(3) Where in proceedings before any court—\n(a) it is sought to rely on a statement or notice given as mentioned in subsection (1) or (2), and\n(b) the statement or notice is shown to be incorrect,\nthe court may direct such relief (if any) to be given to the creditor or owner from the operation of subsection (1) or (2) as appears to the court to be just.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1974/39/section/172",
    "retrieved_at": "2026-10-29T10:43:44.026464+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."
}