{
  "url": "https://openlegislation.uk/consumer-credit-exempt-agreements-order-2007/article-2",
  "json_url": "https://openlegislation.uk/consumer-credit-exempt-agreements-order-2007/article-2.json",
  "legislation": "uksi/2007/1168",
  "legislation_title": "The Consumer Credit (Exempt Agreements) Order 2007",
  "legislation_url": "https://openlegislation.uk/consumer-credit-exempt-agreements-order-2007",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Exemption for high net worth debtors and hirers",
  "text": "The Consumer Credit Act 1974 shall not regulate a consumer credit agreement or a consumer hire agreement where—\n(a) the debtor or hirer is a natural person;\n(b) the agreement includes a declaration made by him complying with article 3 and Schedule 1;\n(c) a statement of high net worth complying with articles 4 and 5 and Schedule 2 has been made in relation to him;\n(d) that statement was made during the period of one year ending with the day on which the agreement was made; and\n(e) before the agreement was made a copy of that statement was provided to the debtor or hirer and, if the statement was not made by the creditor or owner, to the creditor or owner.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "inserted",
      "affecting": "uksi/2010/1010",
      "affecting_title": "The Consumer Credit (EU Directive) Regulations 2010"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2007/1168/article/2",
    "retrieved_at": "2026-10-29T03:55:23.430263+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."
}