Paragraph 11 Time orderF1
A statement in the following form indicating that the debtor or hirer is entitled to apply under section 129 of the Act in England and Wales to the county court, in Scotland to the sheriff court or in Northern Ireland to the High Court or the county court for a time order—
“If you have difficulty in paying any sum owed under this agreement, you can apply to the court for an order to give you [or a surety] more time to pay any sum owed or take any other action required by this notice. The free advice services referred to in this notice and in the Financial Conduct Authority’s information sheet can help you explore this option.
[A surety, typically a guarantor, is someone who provided security to help ensure any amount you owe under this agreement is repaid.]”
Notes:
- 1)
The creditor or owner must omit the words in square brackets if there is no specification under paragraph 6(e) of any action intended to be taken to enforce any security.
- 2)
The creditor or owner must omit the final sentence in square brackets where either regulation 2(6A)(a)(i) or (ii) has been exercised.
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)