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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 March 2016 - onwards
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Article 60B Regulated credit agreements

(1) Entering into a regulated credit agreement as lender is a specified kind of activity.

(2) It is a specified kind of activity for the lender or another person to exercise, or to have the right to exercise, the lender's rights and duties under a regulated credit agreement.

(3) In this article -

"credit agreement"

(a) in relation to an agreement other than a green deal plan, means an agreement between an individual or relevant recipient of credit ("A") and any other person ("B") under which B provides A with credit of any amount;

(b) in relation to a green deal plan, has the meaning given by article 60LB;

"exempt agreement" means a credit agreement which is an exempt agreement under articles 60C to 60H, but where only part of a credit agreement falls within a provision of articles 60C to 60H, only that part is an exempt agreement under those articles;

"regulated credit agreement" means -

(a) in the case of an agreement entered into on or after 1st April 2014, any credit agreement whic

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