Article 8 Interpretation of s.86B of the 1974 ActI1

in subsection (5)(a) for “sum” substitute “payments”, for “pay” substitute “make” and for “is” substitute “are”; and

after subsection (12) insert—

“(13)

In this section—

(a)

“payments” in relation to an applicable agreement which is a regulated agreement for fixed-sum credit means payments to be made at predetermined intervals provided for under the terms of the agreement; and

(b)

“payments” in relation to an applicable agreement which is a regulated consumer hire agreement means any payments to be made by the hirer in relation to any period in consideration of the bailment or hiring to him of goods under the agreement.”.