Explanatory note

These Regulations amend The Consumer Credit (Cancellation Notices and Copies of Documents) Regulations 1983 by substituting, for the forms numbered 2 to 8 inclusive, 10 to 14 inclusive and 18 to 22 inclusive set out in the Schedule thereto, revised forms numbered correspondingly. The effect of these revisions is threefold. They allow the omission of any reference to (i) goods given in part-exchange, (ii) property given as security, or (iii) goods in the possession of the debtor or hirer by virtue of the agreement, where any of these would be inappropriate. Second, they allow a notice to be inserted in appropriate cases warning the debtor or hirer that any attempt by him to disconnect and return the goods personally would be dangerous and could contravene Health and Safety legislation, in substitution for the words of express permission to return the goods in his possession. Third, they allow the inclusion of a cross-reference to the place where the debtor or hirer will find set out his financial obligations arising under any linked transaction which is exempted from the effect of a cancellation notice by virtue of regulation 2(1)(b) of the Consumer Credit (Linked Transactions) (Exemptions) Regulations 1983 (S.I. 1983/1560).

These Regulations also amend the Consumer Credit (Agreements) Regulations 1983 by substituting for the form numbered 2 set out in Part I of Schedule 2 to those Regulations, a revised form numbered 2 similarly allowing in appropriate cases the substitution of a warning that an attempt to disconnect and return the goods personally would be dangerous and could contravene Health and Safety legislation.