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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 July 1974 - onwards
    Version 1 of 1    

12. Debtor-creditor-supplier agreements.

A debtor-creditor-supplier agreement is a regulated consumer credit agreement being-

(a) a restricted-use credit agreement which falls within section 11(1)(a), or

(b) a restricted-use credit agreement which falls within section 11(1)(b) and is made by the creditor under pre-existing arrangements, or in contemplation of future arrangements, between himself and the supplier, or

(c) an unrestricted-use credit agreement which is made by the creditor under pre-existing arrangements between himself and a person (the "supplier") other than the debtor in the knowledge that the credit is to be used to finance a transaction between the debtor and the supplier.

Comparing proposed amendment...