# The Consumer Credit (Agreements to enter Prospective Agreements) (Exemptions) Regulations 1983, Note: Explanatory note


Under section 59(1) of the Consumer Credit Act 1974, agreements to enter into future agreements to be regulated by the Act are void. These Regulations exclude certain agreements to enter into future agreements from the operation of section 59(1).
The excluded agreements are agreements in writing to enter into prospective consumer hire agreements and into prospective restricted-use credit agreements for fixed-sum credit where the goods being hired or purchased are required for business purposes. The prior agreement must embody the information which would be required under the Act for a quotation. It must either be signed at trade premises, other than those of the debtor or hirer, or, where it is signed elsewhere, there must be no antecedent negotiations including oral representations in the presence of the debtor or hirer.

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Source: https://www.legislation.gov.uk/uksi/1983/1552/note (the official version)
Page: https://openlegislation.uk/consumer-credit-agreements-to-enter-prospective-agreements-exemptions-regulations-1983/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.