Explanatory note

These Regulations consolidate with amendments the Consumer Credit (Advertisements) Regulations 1980 as amended. The Regulations govern advertisements by persons carrying on consumer credit businesses, consumer hire businesses and businesses in the course of which credit secured on land is provided to individuals. They also apply to advertisements published by credit-brokers.

Part II prescribes the form and content of different categories of advertisements andPart III contains special provisions for credit advertisements. The Regulations contain provisions with a view to ensuring that an advertisement conveys a fair and reasonably comprehensive indication of the nature of the credit or hire facilities offered by the advertiser and of their true cost to persons using them.

A number of detailed provisions in the 1980 Regulations have been omitted and the Regulations have been simplified.

The “Consumer credit tables” (Parts 1 to 15) referred to in regulation 1(2) and Schedule 3 may be obtained from Her Majesty’s Stationery Office or through booksellers.