Paragraph 3 Security

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.2, Pt.II, para.3 amended by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(e)
Sch.2, Pt.II, para.3A added by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(e)
Sch 2, Pt.III, para.3 amended by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(f)
Sch.2, Pt.III, para.3A added by Consumer Credit (Content of Quotations) and Consumer Credit (Advertisements) 1999 reg.7(f)

A statement that any security is or may be required, and where the security comprises or may comprise a mortgage or charge on the hirer’s home a statement in the following form:—

“YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A HIRE AGREEMENT SECURED BY A MORTGAGE OR OTHER SECURITY ON YOUR HOME.”.