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The Consumer Credit (Enforcement, Default and Termination Notices) (Amendment) Regulations 2006

S.I. 2006/3094 · Made 18 November 2006

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

consumer credit

Made 18th November 2006

Laid before Parliament 23rd November 2006

Coming into force 19th December 2006

The Secretary of State makes the following Regulations in exercise of the powers conferred on him by sections 88(1) and 182(2) of the Consumer Credit Act 1974f1:

Annotations to the whole text

Footnotes

f1

1974 c. 39.

Contents

  1. 1Citation, commencement and interpretation
  2. 2Amendment of the Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983
  3. 3Amendment of the Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983
  4. Signature
  5. Explanatory note

1Citation, commencement and interpretation

This Order may be cited as the Consumer Credit (Enforcement, Default and Termination Notices) (Amendment) Regulations 2006 and shall come into force on 19th December 2006.

2Amendment of the Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983

The Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983f1 shall be amended as follows.

3Amendment of the Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983

In Schedule 2 in paragraphs 3(c), 3(d) and 6 for the words “not less than seven days” substitute “not less than fourteen days”.

Signature

Ian McCartney

Minister of State for Trade, Investment and Foreign Affairs

Department of Trade and Industry

18th November 2006

Explanatory note

(This note is not part of the Regulations)

These Regulations amend the Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983. They provide that default notices served under section 87 of the Consumer Credit Act 1974 shall specify—

(a)

that where action is required to be taken by the debtor or hirer to remedy the breach or pay compensation, this action shall be taken within not more than 14 days after the service of the notice; and

(b)

where no such action is required to be taken, the date on or after which the creditor or owner intends to take action, must not be less than 14 days from the date of the notice.