Regulation 4 Requests for quotations

(1)

These Regulations apply to a request which–

(a)

is for a document giving information about the terms on which the trader is prepared to do business with the customer or in the case of a credit-broker about the terms on which any person to whom he effects introductions is prepared to do business with the customer, being business comprising a transaction indicated in the request; and

(b)

is–

(i)

made in writing;

(ii)

made orally, in the presence of the trader or a person acting on his behalf, on premises where a business is carried on by him; or

(iii)

made orally on the telephone in response to an advertisement which gives the number of a telephone by means of which the trader indicates that requests can be made under these Regulations.

(2)

In this regulation, “transaction” means a prospective personal credit agreement secured on land or a prospective regulated agreement.