Section 212

For the purposes of sections 197 to 214 (loans etc) the person for whom a transaction or arrangement is entered into is— in the case of a loan or quasi-loan, the person to whom it is made; in the case of a credit transaction, the person to whom goods, land or services are supplied, sold, hired, leased or otherwise disposed of under the transaction; in the case of a guarantee or security, the person for whom the transaction is made in connection with which the guarantee or security is entered into; in the case of an arrangement within section 203 (related arrangements), the person for whom the transaction is made to which the arrangement relates.

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