lexiara

CCA 1974 — Consumer Credit Act 1974

law · United Kingdom · ukpga/1974/39

1317 provisions

Defined terms · All instruments · Right of withdrawal · advertising · consumer · consumer · consumer credit · consumer protection · consumption · contract

1 General functions of OFT.
2 Powers of Secretary of State.
3
4 Dissemination of information and advice.
5 Annual and other reports.
6 Form etc. of applications.
6A Charge on applicants for licences etc.
7 Penalty for false information.
8 Consumer credit agreements.
1
2
3
3A
4
9 Meaning of credit.
1
2
3
4
10 Running-account credit and fixed-sum credit.
1
2
3
11 Restricted-use credit and unrestricted-use credit.
1
2
3
4
12 Debtor-creditor supplier agreements.
13 Debtor-creditor agreements.
14 Credit-token agreements.
1
2
3
4
15 Consumer hire agreements.
1
2
16 Exempt agreements.
16A Exemption relating to high net worth debtors and hirers
16B Exemption relating to businesses
16C Exemption relating to investment properties
17 Small agreements.
1
2
3
4
18 Multiple agreements.
1
2
3
4
5
6
19 Linked transactions.
1
2
3
4
20 Total charge for credit
21 Businesses needing a licence.
22 Standard and group licences.
23 Authorisation of specific activities.
24 Control of name of business.
24A Applications for standard licences
25 Licensee to be a fit person.
25A Guidance on fitness test
26 Conduct of business
27 Determination of applications.
27A Consumer credit EEA firms
28 Exclusion from group licence.
28A Charges to be paid by licensees etc. before end of payment periods
28B Extension of period to pay charge under s. 28A
28C Failure to pay charge under s. 28A
29 Renewal.
30 Variation by request.
31 Compulsory variation.
32 ...revocation.
32A Power to suspend licence
32B Duration of suspension
33 Application to end suspension.
33A Power of OFT to impose requirements on licensees
33B Power of OFT to impose requirements on supervisory bodies
33C Supplementary provision relating to requirements
33D Procedure in relation to requirements
33E Guidance on requirements
34 Representations to OFT.
34ZA Representations to OFT: suspension under section 32A
34A Winding-up of standard licensee's business
35 The register.
36 Duty to notify changes.
36A Further duties to notify changes etc.
36B Power of OFT to require information generally
36C Power of OFT to require access to premises
36D Entry to premises under warrant
36E Failure to comply with information requirement
36F Officers of enforcement authorities other than OFT
37 Death, bankruptcy etc. of licensee.
38 Application of s. 37 to Scotland and Northern Ireland.
39 Offences against Part III.
39A Power of OFT to impose civil penalties
39B Further provision relating to civil penalties
39C Statement of policy in relation to civil penalties
40 Enforcement of agreements made by unlicensed trader.
40A The Consumer Credit Appeals Tribunal
41 Appeals to First-tier Tribunal under Part III.
41ZA Tribunal Procedure Rules: suspension of OFT determinations
41ZB Disposal of appeals
41A Appeals from the Consumer Credit Appeals Tribunal
42
43 Advertisements to which Part IV applies.
44 Form and content of advertisements.
45 Prohibition of advertisement where goods etc. not sold for cash.
46 False or misleading advertisements.
47 Advertising infringements.
48 Definition of canvassing off trade premises (regulated agreements).
1
2
49 Prohibition of canvassing debtor-creditor agreements off trade premises.
1
2
3
4
5
50 Circulars to minors.
1
2
3
51 Prohibition of unsolicited credit-tokens.
51A Restrictions on provision of credit card cheques
... Section 51A: exemption for business
52 Quotations.
53 Duty to display information.
54 Conduct of business regulations.
55 Disclosure of information.
1
2
55A Pre-contractual explanations etc
55B Assessment of creditworthiness
55C Copy of draft consumer credit agreement
1
2
3
4
5
6
56 Antecedent negotiations.
1
2
3
4
57 Withdrawal from prospective agreement.
1
2
3
4
58 Opportunity for withdrawal from prospective land mortgage.
1
2
59 Agreement to enter future agreement void.
1
2
60 Form and content of agreements.
1
2
3
4
5
6
61 Signing of agreement.
1
2
3
4
5
61A Duty to supply copy of executed consumer credit agreement
1
2
3
4
5
6
6A
7
7A
8
61B Duty to supply copy of overdraft agreement
1
2
3
62 Duty to supply copy of unexecuted agreement : excluded agreements.
1
2
3
4
63 Duty to supply copy of executed agreement : excluded agreements.
1
2
3
4
5
6
64 Duty to give notice of cancellation rights.
1
2
3
4
5
65 Consequences of improper execution.
1
2
66 Acceptance of credit-tokens.
1
2
66A Withdrawal from consumer credit agreement
1
2
3
4
5
6
7
8
9
10
11
12
13
14
67 Cancellable agreements.
68 Cooling-off period.
69 Notice of cancellation.
1
2
3
4
5
6
7
70 Cancellation: recovery of money paid by debtor or hirer.
1
2
3
4
5
6
7
8
71 Cancellation: repayment of credit.
1
2
3
4
72 Cancellation: return of goods.
1
2
3
4
5
6
7
8
9
10
11
73 Cancellation: goods given in part-exchange.
1
2
3
4
5
6
7
8
74 Exclusion of certain agreements from Part V.
1
1A
1B
1C
1D
1E
1F
2
2A
3
3A
4
74A Information to be provided on a current account agreement
74B Information to be provided on significant overdrawing without prior arrangement
75 Liability of creditor for breaches by supplier.
1
2
3
4
5
75A Further provision for liability of creditor for breaches by supplier
1
2
3
4
5
6
7
8
76 Duty to give notice before taking certain action.
1
2
3
4
5
6
7
77 Duty to give information to debtor under fixed-sum credit agreement.
1
2
2A
2B
3
4
5
77A Statements to be provided in relation to fixed-sum credit agreements
1
1A
1B
1C
1D
1E
2
2A
2B
3
4
5
6
7
8
9
77B Fixed-sum credit agreement: statement of account to be provided on request
1
2
3
4
5
6
7
7A
7B
8
9
10
11
78 Duty to give information to debtor under running-account credit agreement.
1
1A
2
3
4
4A
5
6
7
78A Duty to give information to debtor on change of rate of interest
1
2
3
4
5
6
79 Duty to give hirer information.
1
2
3
4
80 Debtor or hirer to give information about goods.
1
2
81 Appropriation of payments.
82 Variation of agreements.
1
1A
1B
1C
1D
1E
2
2A
2B
3
4
5
5A
6
6A
6B
7
8
82A Assignment of rights
83 Liability for misuse of credit facilities.
1
2
84 Misuse of credit-tokens.
1
2
3
3A
3B
3C
4
5
6
7
8
85 Duty on issue of new credit-tokens.
1
2
3
86 Death of debtor or hirer.
1
2
3
4
5
6
86A FCA to prepare information sheets on arrears and default
1
2
3
4
5
6
7
86B Notice of sums in arrears under fixed-sum credit agreements etc.
1
2
3
4
5
6
7
8
9
10
11
11A
12
12
12A
12B
13
86C Notice of sums in arrears under running-account credit agreements
1
2
3
4
5
6
7
8
86D Failure to give notice of sums in arrears
1
2
3
4
5
6
86E Notice of default sums
1
2
3
4
5
6
7
8
86F Interest on default sums
1
2
87 Need for default notice.
1
2
3
4
5
6
88 Contents and effect of default notice.
1
2
3
4
4A
5
89 Compliance with default notice.
90 Retaking of protected hire-purchase etc. goods.
1
2
3
4
5
6
7
91 Consequences of breach of s. 90.
92 Recovery of possession of goods or land.
1
2
3
93 Interest not to be increased on default.
93A Summary diligence not competent in Scotland.
94 Right to complete payments ahead of time.
1
2
3
4
5
6
95 Rebate on early settlement.
1
2
95A Compensatory amount
1
2
3
4
95B Compensatory amount: green deal finance
1
2
3
4
96 Effect on linked transactions.
1
2
3
97 Duty to give information.
1
2
2A
3
4
97A Duty to give information on partial repayment
1
2
3
98 Duty to give notice of termination (non-default cases).
1
2
3
4
5
6
7
98A Termination etc of open-end consumer credit agreements
1
2
3
4
5
6
7
8
99 Right to terminate hire-purchase etc. agreements.
1
2
3
4
5
100 Liability of debtor on termination of hire-purchase etc. agreement.
1
2
3
4
5
101 Right to terminate hire agreement.
1
2
3
4
5
6
7
8
8A
9
102 Agency for receiving notice of rescission.
1
2
103 Termination statements.
1
2
3
4
5
6
104 Goods not to be treated as subject to landlord’s hypothec in Scotland.
105 Form and content of securities.
1
2
3
4
5
6
7
8
9
106 Ineffective securities.
107 Duty to give information to surety under fixed-sum credit agreement.
1
2
3
4
5
108 Duty to give information to surety under running-account credit agreement.
1
2
3
4
5
109 Duty to give information to surety under consumer hire agreement.
1
2
3
4
110 Duty to give information to debtor or hirer.
1
2
3
111 Duty to give surety copy of default etc. notice.
1
2
112 Realisation of securities.
113 Act not to be evaded by use of security.
1
2
3
4
5
6
7
8
114 Pawn-receipts.
1
2
3
115 Penalty for failure to supply copies of pledge agreement, etc.
116 Redemption period.
1
2
3
4
117 Redemption procedure.
1
2
3
118 Loss etc. of pawn-receipt.
1
2
119 Unreasonable refusal to deliver pawn.
1
2
3
120 Consequence of failure to redeem.
1
2
121 Realisation of pawn.
1
2
3
4
5
6
7
122 Order in Scotland to deliver pawn.
1
2
123 Restrictions on taking and negotiating instruments.
1
2
3
4
5
6
124 Consequences of breach of s. 123.
1
2
3
125 Holders in due course.
1
2
3
4
126 Enforcement of land mortgages.
1
2
3
127 Enforcement orders in cases of infringement.
1
2
3
4
5
128 Enforcement orders on death of debtor or hirer.
129 Time orders.
1
2
3
129A Debtor or hirer to give notice of intent etc. to creditor or owner
1
2
130 Supplemental provisions about time orders.
1
2
3
4
5
6
130A Interest payable on judgment debts etc.
1
2
3
4
5
6
7
8
9
131 Protection orders.
132 Financial relief for hirer.
1
2
133 Hire-purchase etc. agreements: special powers of court.
1
2
3
4
5
6
7
134 Evidence of adverse detention in hire-purchase etc. cases.
1
2
3
135 Power to impose conditions, or suspend operation of order.
1
2
3
4
136 Power to vary agreements and securities.
137 Extortionate credit bargains.
138 When bargains are extortionate.
139 Reopening of extortionate agreements.
140 Interpretation of sections 137 to 139.
140A Unfair relationships between creditors and debtors
1
2
3
4
5
6
7
140B Powers of court in relation to unfair relationships
1
2
3
4
5
6
7
8
9
140C Interpretation of ss. 140A and 140B
1
2
3
4
5
6
7
8
140D Advice and information
141 Jurisdiction and parties.
1
2
3
3A
3B
4
5
142 Power to declare rights of parties.
1
2
143 Jurisdiction of county court in Northern Ireland.
144 Appeal from county court in Northern Ireland.
145 Types of ancillary credit business.
1
2
5
6
7
7A
7B
8
146 Exceptions from section 145.
147 Application of Part III.
148 Agreement for services of unlicensed trader.
149 Regulated agreements made on introductions by unlicensed credit-broker.
150 Appeals to Secretary of State against licensing decisions.
151 Advertisements.
152 Application of sections 52 to 54 to credit brokerage etc.
153 Definition of canvassing off trade premises (agreements for ancillary credit services).
1
2
154 Prohibition of canvassing certain ancillary credit services off trade premises.
155 Right to recover brokerage fees.
1
2
2A
3
4
156 Entry into agreements.
157 Duty to disclose name etc. of agency.
A1
1
2
2A
3
4
158 Duty of agency to disclose filed information.
1
2
3
4
4A
5
159 Correction of wrong information.
1
2
3
4
5
6
7
8
160 Alternative procedure for business consumers.
1
2
3
4
5
6
7
160A Credit intermediaries
161 Enforcement authorities.
1
1A
1B
2
3
4
162 Powers of entry and inspection.
163 Compensation for loss.
164 Power to make test purchases etc.
165 Obstruction of authorised officers.
166 Notification of convictions and judgments to FCA.
167 Penalties.
1
2
168 Defences.
1
2
169 Offences by bodies corporate.
170 No further sanctions for breach of Act.
1
2
3
171 Onus of proof in various proceedings.
1
2
3
4
5
6
7
172 Statements by creditor or owner to be binding.
1
2
3
173 Contracting-out forbidden.
1
2
3
174 Restrictions on disclosure of information.
174A Powers to require provision of information or documents etc.
1
2
3
4
5
175 Duty of persons deemed to be agents.
176 Service of documents.
1
2
3
4
5
6
7
8
176A Electronic transmission of documents
1
2
3
177 Saving for registered charges.
1
2
3
4
5
6
178 Local Acts.
179 Power to prescribe form etc. of secondary documents.
1
2
180 Power to prescribe form etc. of copies.
1
2
3
181 Power to alter monetary limits etc.
1
2
182 Regulations and orders.
1
1A
2
3
4
183 Determinations etc. by FCA .
1
2
184 Associates.
1
2
3
4
5
185 Agreement with more than one debtor or hirer.
1
1A
2
2A
2B
2C
2D
3
4
5
6
186 Agreement with more than one creditor or owner.
187 Arrangements between creditor and supplier.
1
2
3
3A
4
5
187A Definition of ‘default sum’
1
2
188 Examples of use of new terminology.
1
2
3
4
189 Definitions.
1
1A
2
2A
3
4
5
6
7
189A Meaning of “consumer credit EEA firm ”
189B Green deal plans
1
2
3
4
5
6
7
8
189C Section 189B: supplementary provision
1
2
3
4
5
189D Section 189B: temporary provision
1
2
190 Financial provisions.
1
2
191 Special provisions as to Northern Ireland.
1
2
3
4
5
6
192 Transitional and commencement provisions, amendments and repeals.
1
2
3
4
193 Short title and extent.
1
2
1
2
1
2
3
4
5
6
3
1
2
3
4
1
2
3
5
6
1
2
7
1
2
3
4
8
9
1
2
10
11
12
1
2
3
4
5
6
7
8
13
1
2
3
4
14
1
2
15
16
1
1
2
2
3
4
5
6
7
8
9
10
11
12
1
2
13
14
15
16
1
2
17
1
2
18
19
20
1
2
3
4
5
21
1
2
22
1
2
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
1
2
38
1
2
39
40
41
42
43
44
45
46
47
48
49
1
2
50
1
1
2
2
3
5
1
2
3
6
1
2
7
8
1
2
9
10
11
12
4
5
13
1
2
14
1
2
15
16
17
3
1
2
18
1
2
19
20
22
1
2
3
4
5
6
1
2
3
4
5
1
2
3
4
5
23
1
2
24
25
4
26
1
2
3
27
28
29
30
31
32
33
34
35
1
2
1
2
1
2
3
4
5
6
1
2
3
4
5
6
7
8
9
36
1
2
1
2
3
4
37
27 Protection of purchasers of motor vehicles.
1
2
3
4
5
6
28 Presumptions relating to dealing with motor vehicles.
1
2
3
4
5
29
1
2
3
4
5
38
39
1
2
40
41
43
1
44
4
45
1
2
3
46
48
49
1
2
3
4
5
6
1
2
3
4
5
1
2
3
4
5
6
50
51
62 Protection of purchasers of motor vehicles.
1
2
3
4
5
6
63 Presumptions relating to dealings with motor vehicles.
1
2
3
4
5
64 Interpretation of Part VI and application to the Crown.
1
2
3
4
5
6