{
  "url": "https://openlegislation.uk/consumer-credit-agreements-regulations-1983/schedule-1",
  "json_url": "https://openlegislation.uk/consumer-credit-agreements-regulations-1983/schedule-1.json",
  "legislation": "uksi/1983/1553",
  "legislation_title": "The Consumer Credit (Agreements) Regulations 1983",
  "legislation_url": "https://openlegislation.uk/consumer-credit-agreements-regulations-1983",
  "path": "schedule/1",
  "kind": "schedule",
  "number": "1",
  "heading": "INFORMATION TO BE CONTAINED IN DOCUMENTS EMBODYING REGULATED CONSUMER CREDIT AGREEMENTS OTHER THAN MODIFYING AGREEMENTS",
  "text": "TYPE OF AGREEMENT\nINFORMATION\n(1)\n(2)\nNature of agreement\n1. All types.\n(1) Subject to paragraph (2) below, a heading in one of the following forms of words—\n(a) “Hire-Purchase Agreement regulated by the Consumer Credit Act 1974”;\n(b) “Conditional Sale Agreement regulated by the Consumer Credit Act 1974”;\n(c) “Fixed-Sum Loan Agreement regulated by the Consumer Credit Act 1974”; or\n(d) “Credit Card Agreement regulated by the Consumer Credit Act 1974”,\nas the case may require.\n(2) If none of the headings in 1(a) to (d) above are applicable a heading in the following form of words—“Credit Agreement regulated by the Consumer Credit Act 1974”.\n(3) Where the document and a pawn-receipt are combined, the words “, and Pawn Receipt,” shall be inserted in the heading after the word “Agreement”.\n(4) Where the document embodies an agreement of which at least one part is a credit agreement not regulated by the Act, the word “partly” shall be inserted before “regulated” unless the regulated and unregulated parts of the agreement are clearly separate.\n(5) Where the credit is being secured on land the words “secured on” followed by the address of the land shall be inserted at the end of the heading.\nParties to agreement\n2. All types.23\n(1) The name , postal address and, where appropriate, any other address of the creditor.\n(2) The name , postal address and, where appropriate, any other address of the debtor.\nFINANCIAL AND RELATED PARTICULARS\nDescription of goods, services, land etc.\n3. Restricted-use debtor-creditor-supplier agreements for fixed-sum credit to finance a transaction comprising the acquisition of goods, services, land or other things specified in the agreement or identified and agreed on at the time the agreement is made.\nA list or other description of the goods, services or other things and, in the case of land, a general description of the land, the acquisition of which is to be financed by credit under the agreement.\nCash price\n4. Agreements falling within paragraph 3.\nThe cash price in relation to each list or other description of goods, services, land or other things, to be shown under paragraph 3 above, and the total cash price.\nAdvance payments\n5. All types in relation to which any advance payment is to be made by the debtor (whether under the agreement or as a condition precedent to the making of the agreement) before he is provided with credit under the agreement or, as the case may be, before he enters into the agreement.\nThe amount of the advance payments to be made by the debtor and, in the case of a cancellable agreement, the nature of such payments.\nAmount of credit\n6. Agreements falling within paragraph 3 except agreements under which both—\nThe amount of the credit to be provided under the agreement, namely the difference between the total cash price to be shown under paragraph 4 above and the total of any advance payments to be shown under paragraph 5 above.\n(a) the total amount payable by the debtor is not greater than the total cash price referred to in paragraph 4; and\n(b) there is no advance payment falling within paragraph 5.\n7. Agreements for fixed-sum credit not falling within paragraph 3.\nThe amount of the credit to be provided under the agreement.\nCredit limit\n8. Agreements for running-account credit.\nThe credit limit expressed as:—\n(a) a sum of money;\n(b) a statement that the credit limit will be determined by the creditor from time to time under the agreement and that notice of it will be given by him to the debtor;\n(c) a sum of money together with a statement that the creditor may vary the credit limit to such sum as he may from time to time determine under the agreement and that notice of it will be given by him to the debtor; or\n(d) in a case not falling within head (a), (b) or (c) above, either a statement indicating the manner in which the credit limit will be determined and that notice of it will be given by the creditor to the debtor or a statement indicating that there is no credit limit.\nTerm of the agreement\n8A. Agreements of fixed duration for running-account credit\nThe duration of the agreement.\n8B. Agreements for fixed-sum credit.\nThe duration or minimum duration of the agreement.\nTotal charge for credit, rate of interest, etc.\n9. Agreements for fixed-sum credit except agreements—\n(1) The total charge for credit, with a list of its constituent parts.\n(a) which do not specify either the intervals between repayments or the amounts of repayments or both the intervals and the amounts;\n(2) The rate of interest on the credit to be provided under the agreement or, where more than one such rate applies, all the rates in all cases quoted on a per annum basis with details of when each rate applies.\n(b) under which the total amount payable by the debtor to discharge his indebtedness in respect of the amount of credit provided may vary according to any formula specified in the agreement having effect by reference to movements in the level of any index or to any other factor;\n(3) A statement explaining how and when interest charges are calculated and applied under the agreement.\n(c) which provide for a variation of, or permit the creditor to vary, (whether or not by reference to any index) the amount or rate of any item included in the total charge for credit after the relevant date; or\n(d) under which the total amount payable by the debtor is not greater than the total cash price referred to in paragraph 4.\n10. Agreements for—\n(1) The total charge for credit with a list of its constituent parts and in the case of running-account credit, the total charge for credit shall be calculated on the same assumptions as are set out in paragraph 1 of Schedule 7 for the purpose of calculating the APR in place of the assumptions in ... the total charge for credit rules that might otherwise apply.\n(a) running-account credit; and\n(b) fixed-sum credit falling within the exceptions in paragraph 9(a) to (c).\n(2) The rate of interest on the credit to be provided under the agreement or, where more than one such rate applies, all the rates in all cases quoted on a per annum basis with details of when each rate applies.\n(3) A statement whether any interest rate to be shown under (2) above is fixed or variable.\n(4) A statement explaining how and when interest charges are calculated and applied under the agreement.\nTotal amount payable\n11. Agreements falling within paragraph 9.\nThe total amount payable, being the total of any amounts to be shown under paragraphs 5, 6 or 7, and 9 above.\nTiming of repayments\n12. All types.\nThe timing of repayments to be made under the agreement expressed by reference to one or more of the following—\n(a) the dates on which each repayment is to be made;\n(b) the frequency and number of the repayments and the date of the first repayment or a statement indicating the manner in which that date will be determined;\n(c) a statement indicating the manner in which the dates of the repayments will be determined.\nAmounts of repayments\n13. All types except those falling within paragraph 14.\nThe amount of each repayment to be made under the agreement expressed as—\n(a) a sum of money;\n(b) a specified proportion of a specified amount (including the amount outstanding from time to time);\n(c) a combination of heads (a) and (b) above; or\n(d) in a case where the amount of any repayment cannot be expressed in accordance with head (a), (b) or (c) above, a statement indicating the manner in which the amount will be determined\n14. Agreements where—\n(i) the credit to be provided is repayable by two or more instalments; and\nThe amount of each repayment to be made under the agreement (with or without the equivalent repayment after deduction of tax in accordance with section 26 of, and Schedule 7 to, the Finance Act 1982), expressed as—\n(ii) the interest on the credit is of a type to which section 26 of, and Schedule 7 to, the Finance Act 1982 apply.\n(a) a sum of money;\n(b) a specified proportion of a specified amount (including the amount outstanding from time to time);\n(c) a combination of heads (a) and (b) above; or\n(d) in a case where the amount of any repayment cannot be expressed in accordance with head (a), (b) or (c) above, a statement indicating the manner in which the amount will be determined:\nProvided that, where the amounts to be paid by the debtor after deduction of tax in accordance with section 26 of, and Schedule 7 to, the Finance Act 1982 are the same, the requirements of this paragraph may be satisfied by a statement indicating the lowest and highest amounts of the repayments to be made under the agreement before deduction of tax.\n14A.All types where different interest rates or different charges or both are or will be at any time during the term of the agreement payable in respect of—\nA statement of the order or proportions in which any amount paid by the debtor which is not sufficient to discharge the total debt then due under the agreement will be applied or appropriated by the creditor towards the discharge of the sums due—\n(a) credit provided under the agreement for different purposes; or\n(a) in respect of the amounts of credit provided for different purposes, or\n(b) under each of the different parts of the agreement,\n(b) different parts of the agreement,\nwhether or not the agreement is a multiple agreement.\nas the case may be.\nAPR\n15. All types except those referred to in paragraph 16.\nThe APR in relation to the agreement or a statement indicating that the total amount payable under the agreement is not greater than the total cash price of the goods, services, land or other things, the acquisition of which is to be financed by credit under the agreement.\n16. Debtor-creditor-supplier agreements for running-account credit under which—\n(1) The APR in relation to the agreement calculated on the assumptions specified in sub-paragraphs (2) and (3) below.\n(a) the debtor agrees to pay the creditor an amount specified in the agreement on specified occasions;\n(2) The first assumption referred to in sub-paragraph (1) above is the assumption that—\n(b) there is a credit limit; and\n(a) the debtor is provided with an amount of credit at the date of the making of the agreement which, taken with the amount of the charge for that credit ascertained at that date, is equal to the credit limit; and\n(c) charges for credit are either—\n(i) a fixed amount in respect of each transaction, or\n(ii) calculated as a proportion of the price payable under a transaction financed by the credit.\n(b) the debtor repays the sum of the amounts referred to in head (a) above by payments of the amounts specified in the agreement on the occasions specified in the agreement and makes no other payment and obtains no further credit in relation to the account.\n(3) The second assumption referred to in sub-paragraph (1) above is the like assumption as in sub-paragraph (2) above save that the sum of the amounts referred to in head (a) thereof shall be taken to be one third of the credit limit.\n17. Agreements where the APR is based on a total charge for credit which is calculated to take account of relief available under section 19 of the Income and Corporation Taxes Act 1970 and Schedule 4 to the Finance Act 1976 .\nA statement indicating that it has been assumed in the calculation of the APR in relation to the agreement that relief may be available under section 19 of the Income and Corporation Taxes Act 1970 and Schedule 4 to the Finance Act 1976 in respect of premiums under certain policies of insurance without any deduction under section 21 of the said Act of 1970.\nVariable rates or items\n18. Agreements under which the rate or amount of any item included in the total charge for credit will or may be varied (other than a variation in consequence of an event which is certain to occur).\nA statement indicating that in calculating the APR no account has been taken of any variation which may occur under the agreement of the rate or amount of any item entering into that calculation.\n19. Agreements falling within paragraph 18.\nA statement indicating the circumstances in which any variation referred to in paragraph 18 above may occur and, where that information is ascertainable at the time at which the document referred to in section 61(1) of the Act is presented or sent to the debtor for signature, the time at which any such variation may occur.\nLand-related agreements\n19A Agreements which—\n(a) are intended primarily to finance the acquisition or retention of land or the renovation or improvement of a building or any other agreement secured by a mortgage on land or, in Scotland, by a standard security within the meaning of the Conveyancing and Feudal Reform (Scotland) Act 1970, and\n(b) provide for the possibility of any variation of the rate of interest if it is to be assumed, by virtue of the total charge for credit rules, that the variation will take place but the amount of the variation cannot be ascertained at the date of the making of the agreement.\nThe initial standard variable rate within the meaning of the total charge for credit rules together with a statement explaining– (a) what that rate is; and\n(b) that it has been taken into account in calculating the APR.\nOTHER INFORMATION\nSecurity provided by the debtor\n20. Agreements, to which section 114 of the Act applies, under which a person takes any article in pawn and where no separate pawn-receipt is given.\nA statement indicating that an article has been taken in pawn under the agreement and a description of the article sufficient to identify it.\n21. All types except those referred to in paragraph 20 in relation to which any security is to be provided by the debtor to secure the carrying out of the obligations of the debtor under the agreement.\nA description of the security to be provided by the debtor in relation to the agreement sufficient to identify it and—\n(a) a general description of any stocks and shares (including any right to become a stockholder or shareholder) to which it relates; and\n(b) in any other case a description of the subject matter to which it relates.\nCharges\n22. All types.\n(1) A list of any charges payable under the agreement to the creditor upon failure by the debtor or a relative of his to do or refrain from doing anything which he is required to do or refrain from doing, as the case may be.\n(2) A statement indicating any term of the agreement which provides for charges—\n(a) not required to be shown under (1) above; or\n(b) not included in the total charge for credit.\nCancellation rights\n23. Agreements that cannot be cancelled by the debtor under the Act or the Financial Services (Distance Marketing) Regulations 2004.\n(3) A statement that the debtor has no right to cancel the agreement under the Consumer Credit Act 1974 or the Financial Services (Distance Marketing) Regulations 2004.\nRight of withdrawal\n23A. Agreements falling within regulation 8(1A)(c)\nA statement providing details of the debtor’s right under section 66A of the Act to withdraw from the consumer credit agreement including—\n(1) the right to withdraw within 14 days without the debtor having to give any reason;\n(2) when that period of withdrawal begins and ends;\n(3) the requirement of the debtor to notify the creditor of his intention to withdraw, in writing or orally;\n(4) contact details of the person/creditor whom he must notify of this intention to withdraw from the agreement;\n(5) the requirement to repay the credit without delay and no later than 30 calendar days of giving notice of withdrawal;\n(6) the requirement to pay, without delay and no later than 30 calendar days of giving notice of withdrawal, the interest accrued from the date of drawing down the credit to the date of repaying it; and\n(7) the amount of interest payable per day expressed as a sum of money;\nParagraph (7) does not apply [in respect of agreements for running account credit] where it is not practicable for the creditor to state the amount of interest payable per day. In such cases, the agreement shall state that where credit is drawn down during the withdrawal period, the creditor shall inform the debtor, on request, without delay, of the amount of interest payable per day.\nAmount payable on early settlement\n24. Agreements for fixed-sum credit secured on land for a term of more than one month.\n(1) Examples based on the amount of credit to be provided under the agreement or the nominal amount of either £1000 or £100, showing the amount that would be payable if the debtor exercised the right under section 94 of the Act to discharge his indebtedness on the date when—\n(a) a quarter of the term of the agreement elapses;\n(b) half of the term elapses; and\n(c) three quarters of the term elapses.\nor on the first repayment date after each of those dates.\n(2) A statement explaining that, in calculating the amounts shown, no account has been taken of any variation which might occur under the agreement, and that the amounts are accordingly only illustrative.\n24A.Agreements falling within regulation 8(1A)(b) and (c)\nA statement providing details of the debtor’s right of early repayment under section 94 of the Act including—\n(1) the fact that the debtor has a right to repay early in full or part,\n(2) the procedure for early repayment, and\n(3) where applicable details of the creditor’s right to compensation under section 95A sections 95A and 95B of the Act and the manner in which that compensation shall be determined.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 1 para. 1 substituted (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 10(2) (with reg. 18)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 1 para. 2 substituted (31.12.2004) by The Consumer Credit Act 1974 (Electronic Communications) Order 2004 (S.I. 2004/3236), arts. 1(1), 4(3)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. 1 paras. 8A, 8B inserted (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 10(3) (with reg. 18)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Sch. 1 para. 9 substituted (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 10(4) (with reg. 18)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Sch. 1 para. 10 substituted (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 10(5) (with reg. 18)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 1 para. 10 omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 23(5)(a)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Regulations substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 23(3)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Sch. 1 para. 14A inserted (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 10(6) (with reg. 18)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Sch. 1 para. 19A cross-heading inserted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 23(5)(b)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. 1 para. 19A substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 23(5)(c)(i)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in Sch. 1 para. 19A substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 23(5)(c)(ii)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Sch. 1 para. 22 substituted (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 10(7) (with reg. 18)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Sch. 1 para. 23 substituted (31.5.2005) by S.I. 2004/1482, reg. 10(8) (as amended by The Consumer Credit (Miscellaneous Amendments) Regulations 2004 (S.I. 2004/2619), regs. 1(2), 2(5))"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Sch. 1 para. 23 substituted (28.4.2011) by The Timeshare (Amendment) Regulations 2011 (S.I. 2011/1065), regs. 1(2), 3(1)"
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Sch. 1 para. 23A inserted (1.2.2011) by The Consumer Credit (EU Directive) Regulations 2010 (S.I. 2010/1010), regs. 54(a), 99(1) (with regs. 101-101A) (as amended (26.8.2010) by The Consumer Credit (Amendment) Regulations 2010 (S.I. 2010/1969), regs. 1, 28-30)"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Sch. 1 paras. 23, 24 inserted (31.5.2005) by The Consumer Credit (Agreements) (Amendment) Regulations 2004 (S.I. 2004/1482), regs. 1, 10(8) (with reg. 18)"
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in Sch. 1 para. 24 inserted (1.2.2011) by The Consumer Credit (EU Directive) Regulations 2010 (S.I. 2010/1010), regs. 54(b), 99(1) (with regs. 101-101A) (as amended (26.8.2010) by The Consumer Credit (Amendment) Regulations 2010 (S.I. 2010/1969), regs. 1, 28-30)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Sch. 1 para. 24A inserted (1.2.2011) by The Consumer Credit (EU Directive) Regulations 2010 (S.I. 2010/1010), regs. 54(c), 99(1) (with regs. 101-101A) (as amended (26.8.2010) by The Consumer Credit (Amendment) Regulations 2010 (S.I. 2010/1969), regs. 1, 28-30)"
    },
    {
      "type": "F",
      "label": "F19",
      "text": "Words in Sch. 1 para. 24A substituted (E.W.S.) (28.1.2013) by The Consumer Credit (Green Deal) Regulations 2012 (S.I. 2012/2798), reg. 1(b), Sch. para. 1(2)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 1 in force at 19.5.1985, see reg. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1983/1553/schedule/1",
    "retrieved_at": "2026-10-29T17:56:20.044614+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."
}