(1) A credit agreement is an exempt agreement for the purposes of this Chapter in the following cases.
(2) A credit agreement is an exempt agreement if -
(a) the agreement is a borrower-lender-supplier agreement for fixed-sum credit, other than a green deal plan,
(b) the number of payments to be made by the borrower is not more than twelve,
(c) those payments are required to be made within a period of 12 months or less (beginning on the date of the agreement),
(i) secured on land, or
(ii) provided without interest or other charges, and
(e) paragraph (7) does not apply to the agreement.
(3) A credit agreement is an exempt agreement if -
(a) the agreement is a borrower-lender-supplier agreement for running-account credit,
(b) the borrower is to make payments in relation to specified periods which must be, unless the agreement is secured on land, of 3 months or less,
(c) the number of payments to be made by the borrower in repayment of the whole amount of credit provid
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