Section 137C(6)

A credit agreement is a contract of the kind mentioned in paragraph 23 of Schedule 2, other than one under which the obligation of the borrower to repay is secured on land: and a credit agreement is a “regulated credit agreement” if any of the following is a regulated activity— entering into or administering the agreement; exercising or being able to exercise the rights of the lender under the agreement.

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Source: legislation.gov.uk · retrieved 2026-09-04