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The Consumer Credit (Information Requirements and Duration of Licences and Charges) Regulations 2007

S.I. 2007/1167 · Made 31 March 2007 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 26 September 2014.

consumer credit

Made 31st March 2007

Laid before Parliament 4th April 2007

Coming into force in accordance with regulation 1(2) and (3)

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 22(1B) and (1E), 28A(3)(b) and (6), 77A(2), 78(4A), 86B(8), 86C(6), 86E(2) and (7)(b), 88(1) and (4), 130A(6), 182(2) and 189(1) of the Consumer Credit Act 1974f1.

Annotations to the whole text

Footnotes

f1

1974 c. 39. Sections 22(1B) and (1E), 28A(3)(b) and (6), 77A(2), 78(4A), 86B(8), 86(C)(6), 86(E)(2) and (7)(b) and 130A(6) were added by sections 34, 35, 6, 7, 9, 10, 12 and 17 respectively of the Consumer Credit Act 2006 c.14. Section 189(1) has been cited for the definitions of “prescribed” and “regulations”.

Contents

  1. 1Citation and commencement
  2. 1AApplication
  3. 2Interpretation
  4. 3Content of statements provided in relation to fixed-sum credit agreements
  5. 4Content of statements provided in relation to fixed-sum credit agreements
  6. 5Content of statements provided in relation to fixed-sum credit agreements
  7. 6Content of statements provided in relation to fixed-sum credit agreements
  8. 7Content of statements provided in relation to fixed-sum credit agreements
  9. 8Content of statements provided in relation to fixed-sum credit agreements
  10. 9Content of statements provided in relation to fixed-sum credit agreements
  11. 10Content of statements provided in relation to fixed-sum credit agreements
  12. 10AContent of statements provided in relation to fixed-sum credit agreements
  13. 10BContent of statements provided in relation to fixed-sum credit agreements
  14. 10CContent of statements provided in relation to fixed-sum credit agreements
  15. 11Content of statements provided in relation to fixed-sum credit agreements Repealed
  16. 12Additional information in statements provided in relation to certain fixed-sum credit agreements
  17. 13Additional information in statements provided in relation to running-account credit agreements
  18. 14Additional information in statements provided in relation to running-account credit agreements
  19. 15Additional information in statements provided in relation to running-account credit agreements Repealed
  20. 16Additional information in statements provided in relation to running-account credit agreements
  21. 17Additional information in statements provided in relation to running-account credit agreements
  22. 18Additional information in statements provided in relation to running-account credit agreements
  23. 19Content of notices of sums in arrears under fixed-sum credit agreements etc.
  24. 20Content of notices of sums in arrears under fixed-sum credit agreements etc.
  25. 21Content of notices of sums in arrears under fixed-sum credit agreements etc.
  26. 22Content of notices of sums in arrears under fixed-sum credit agreements etc.
  27. 23Content of notices of sums in arrears under fixed-sum credit agreements etc.
  28. 24Content of notices of sums in arrears under running-account credit agreements
  29. 25Content of notices of sums in arrears under running-account credit agreements
  30. 26Content of notices of sums in arrears under running-account credit agreements
  31. 27Giving of notices of default sums
  32. 28Giving of notices of default sums
  33. 29Content of notices of default sums
  34. 30Content of notices of default sums
  35. 31Content of notices of default sums
  36. 32Content of notices of default sums
  37. 33Amendments to the Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983
  38. 34Content of notices of intention to recover post-judgment interest
  39. 35Content of notices of intention to recover post-judgment interest
  40. 36Form of notices and statements required under these Regulations
  41. 37Form of notices and statements required under these Regulations
  42. 38Form of notices and statements required under these Regulations
  43. 39Form of notices and statements required under these Regulations
  44. 40Form of notices and statements required under these Regulations
  45. 41Errors and omissions
  46. 41ARegulation 41A
  47. 42Duration of licences and charges Repealed
  48. 43Duration of licences and charges Repealed
  49. 44Revocation of superseded provisions
  50. 45Transitional provisions
  51. 46Transitional provisions
  52. 47Transitional provisions
  53. 48Transitional provisions
  54. 49Transitional provisions
  55. 50Transitional provisions
  56. Signature
  57. Schedule 1
  58. Part 1: INFORMATION TO BE INCLUDED IN STATEMENTS RELATING TO FIXED-SUM CREDIT AGREEMENTS
  59. 1Paragraph 1
  60. 2Paragraph 2
  61. 3Paragraph 3
  62. 3AParagraph 3A
  63. Part 1A: ADDITIONAL INFORMATION TO BE INCLUDED IN STATEMENTS RELATING TO GREEN DEAL PLANS MADE BEFORE 28TH FEBRUARY 2014
  64. 3BParagraph 3B
  65. Part 2: FORMS OF WORDING TO BE INCLUDED IN STATEMENTS RELATING TO FIXED-SUM CREDIT AGREEMENTS
  66. 4Paragraph 4
  67. Part 2A: ADDITIONAL INFORMATION TO BE INCLUDED IN STATEMENTS RELATING TO GREEN DEAL PLANS MADE BEFORE 28TH FEBRUARY 2014 AND GREEN DEAL CONSUMER CREDIT AGREEMENTS
  68. 4AParagraph 4A
  69. Part 3: FORMS OF WORDING TO BE INCLUDED IN FIXED-SUM CREDIT STATEMENTS RELATING TO HIRE-PURCHASE OR CONDITIONAL SALE AGREEMENTS
  70. 5Paragraph 5
  71. Schedule 2: FORMS OF WORDING AND INFORMATION TO BE INCLUDED IN STATEMENTS RELATING TO RUNNING-ACCOUNT CREDIT AGREEMENTS
  72. 1Paragraph 1
  73. 2Paragraph 2
  74. 3Paragraph 3
  75. 4Paragraph 4
  76. Schedule 3
  77. Part 1: INFORMATION AND STATEMENTS TO BE INCLUDED IN NOTICES OF SUMS IN ARREARS UNDER FIXED-SUM CREDIT AGREEMENTS ETC.
  78. 1Paragraph 1
  79. 2Paragraph 2
  80. 3Paragraph 3
  81. 4Paragraph 4
  82. 5Paragraph 5
  83. Part 2: INFORMATION TO BE INCLUDED IN FIRST REQUIRED NOTICES OF SUMS IN ARREARS UNDER FIXED-SUM CREDIT AGREEMENTS ETC.
  84. 6Paragraph 6
  85. Part 3: INFORMATION AND STATEMENT TO BE INCLUDED IN ALL NOTICES OF SUMS IN ARREARS UNDER FIXED-SUM CREDIT AGREEMENTS ETC. EXCEPT FIRST REQUIRED NOTICES
  86. 7Paragraph 7
  87. 8Paragraph 8
  88. 9Paragraph 9
  89. 10Paragraph 10
  90. 11Paragraph 11
  91. 12Paragraph 12
  92. 13Paragraph 13
  93. Part 4: INFORMATION AND STATEMENTS TO BE INLCUDED IN NOTICES OF SUMS IN ARREARS UNDER RUNNING-ACCOUNT CREDIT AGREEMENTS
  94. 14Paragraph 14
  95. 15Paragraph 15
  96. 16Paragraph 16
  97. 17Paragraph 17
  98. 18Paragraph 18
  99. 19Paragraph 19
  100. 5STATEMENT TO BE INCLUDED IN NOTICES OF SUMS IN ARREARS UNDER FIXED-SUM CREDIT AGREEMENTS ETC. AND RUNNING-ACCOUNT CREDIT AGREEMENTS
  101. Schedule 4
  102. Part 1: INFORMATION AND FORM OF WORDING TO BE INCLUDED IN NOTICES OF DEFAULT SUMS
  103. 1Paragraph 1
  104. 2Paragraph 2
  105. 3Paragraph 3
  106. 4Paragraph 4
  107. 5Paragraph 5
  108. 6Paragraph 6
  109. 7Paragraph 7
  110. Part 2: FORMS OF WORDING TO BE INCLUDED IN NOTICES OF DEFAULT SUMS WHERE INTEREST IS PAYABLE ON DEFAULT SUMS
  111. 8Paragraph 8
  112. 9Paragraph 9
  113. Schedule 5
  114. Part 1: INFORMATION AND STATEMENT TO BE INCLUDED IN ALL NOTICES UNDER SECTION 130A OF THE 1974 ACT
  115. 1Paragraph 1
  116. 2Paragraph 2
  117. 3Paragraph 3
  118. 4Paragraph 4
  119. 5Paragraph 5
  120. 6Paragraph 6
  121. Part 2: INFORMATION AND STATEMENT TO BE INCLUDED IN ALL EXCEPT FIRST REQUIRED NOTICE UNDER SECTION 130A OF THE 1974 ACT
  122. 7Paragraph 7
  123. 8Paragraph 8
  124. 9Paragraph 9
  125. 3FORM OF WORDING TO BE INCLUDED IN FIRST REQUIRED NOTICE
  126. Explanatory note