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Schedule 2 FORM OF DEFAULT NOTICE BEFORE A CREDITOR OR OWNER CAN BECOME ENTITLED, BY REASON OF ANY BREACH BY THE DEBTOR OR HIRER OF A REGULATED AGREEMENT, TO TERMINATE THE AGREEMENT, DEMAND EARLIER PAYMENT OF ANY SUM, RECOVER POSSESSION OF ANY GOODS OR LAND, TREAT ANY RIGHT CONFERRED ON THE DEBTOR OR HIRER BY THE AGREEMENT AS TERMINATED, RESTRICTED OR DEFERRED OR ENFORCE ANY SECURITYF1

United Kingdom

Original text. Later amendments are not shown.

  1. 1Details of agreement
  2. 2Parties to agreement
  3. 3Details of breach of agreement and action required to remedy, or pay compensation for, the breach
  4. 4Action by the creditor or owner to be ineffective if breach remedied or compensation paid
  5. 5Consequences of failure to comply with default notice
  6. 6Action intended to be taken by creditor or owner
  7. 7Retaking of protected hire-purchase etc, goods
  8. 8Requiring earlier payment of any sum
  9. 9Ending the agreement
  10. 10General
  11. 11Time order
  12. 12Interest payable after a judgment
  13. 13Interest payable after a judgment

Annotations

Textual amendments

F1

Sch. 2 substituted (2.12.2020) by The Consumer Credit (Enforcement, Default and Termination Notices) (Coronavirus) (Amendment) Regulations 2020 (S.I. 2020/1248), reg. 1, Sch. Pt. 2 para. 1 (with reg. 9)