# Consumer Credit Act 1974, Section 86F: Interest on default sums


(1) This section applies where a default sum becomes payable under a regulated agreement by the debtor or hirer.
(2) The debtor or hirer shall only be liable to pay interest in connection with the default sum if the interest is simple interest.

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Source: https://www.legislation.gov.uk/ukpga/1974/39/section/86F (the official version)
Page: https://openlegislation.uk/consumer-credit-act-1974/section-86F
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.