Section 86B(5)

For the purposes of subsection (4)(a) the debtor or hirer ceases to be in arrears when— no payments , which he has ever failed to make under the agreement when required, are still owing; no default sum, which has ever become payable under the agreement in connection with his failure to pay any sum under the agreement when required, is still owing; no sum of interest, which has ever become payable under the agreement in connection with such a default sum, is still owing; and no other sum of interest, which has ever become payable under the agreement in connection with his failure to pay any sum under the agreement when required, is still owing.

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