Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 11 June 2010 - onwards
  Version 2 of 2    

Regulation 20 Assignment of creditors' rights.

(1) If a creditor's rights under a credit agreement or the agreement itself are assigned to a third party, the consumer concerned is entitled to plead against the assignee any defence available to him or her against the original creditor, including set-off.

(2) The consumer shall be informed of an assignment referred to in paragraph (1) except where the original creditor, by agreement with the assignee, continues to service the credit vis-à-vis the consumer.

Comparing proposed amendment...