Section 49(3)

Subsections (1) and (2) do not apply to any soliciting for an agreement enabling the debtor to overdraw on a current account of any description kept with the creditor, where— the FCA has determined that current accounts of that description kept with the creditor are excluded from subsections (1) and (2), and the debtor already keeps an account with the creditor (whether a current account or not).

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Source: legislation.gov.uk · retrieved 2026-07-30