# The Consumer Credit (Payments Arising on Death) Regulations 1983, Note: Explanatory note


Section 74(1)(c) and (3) of the Consumer Credit Act 1974 provides that, where the Director General of Fair Trading so determines, Part V of the Act (entry into credit or hire agreements), except section 56, does not apply to a debtor-creditor agreement to finance the making of such payments arising on, or connected with, the death of a person as may be prescribed. These Regulations prescribe certain payments for that purpose. These are:—
(a)payments of capital transfer tax;
(b)payments of certain court fees relating to a grant of representation (or in Scotland of confirmation);
(c)payments to a surety (or in Scotland to a cautioner) in relation to certain of such grants.

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Source: https://www.legislation.gov.uk/uksi/1983/1554/note (the official version)
Page: https://openlegislation.uk/consumer-credit-payments-arising-on-death-regulations-1983/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.