(1) The Consumer Credit Act 1974 [1974 c. 39; sections 16 and 53 were amended by S.I. 2001/544; section 146 was amended by S.I. 2003/1475 and S.I. 2005/2967; there are other amending instruments but none is relevant.] is amended as follows.

(2) In section 16 (exempt agreements) -

(a) for subsection (6C) substitute -

"(6C) This Act does not regulate a consumer credit agreement if -

(a) it is secured by a land mortgage and entering into the agreement as lender is a regulated activity for the purposes of the Financial Services and Markets Act 2000; or

(b) it is or forms part of a regulated home purchase plan and entering into the agreement as home purchase provider is a regulated activity for the purposes of that Act.";

(b) in subsection (6D) for "subsection (6C)" substitute "subsection (6C) (a)".

(3) In section 53 (duty to display information) for "section 16(6C)" substitute "section 16(6C) (a)".

(4) In section 146 (exceptions from section 145) -

(a) in subsection (5A) -

(i) for paragraph (a) substitute -