Consumer Credit Act 2006 (c. 14)

Version status: Partly in force | Document consolidation status: Updated to reflect all known changes

Published date: 30 March 2006

Consumer Credit Act 2006 (c. 14)

	Introductory Text
	Agreements regulated under the 1974 Act etc. (ss. 1-5)
	1. Definition of "individual"
	2. Removal of financial limits etc.
	3. Exemption relating to high net worth debtors and hirers
	4. Exemption relating to businesses
	5. Consequential amendments relating to ss. 1 to 4
	Statements to be provided in relation to regulated credit agreements (ss. 6-7)
	6. Statements to be provided in relation to fixed-sum credit agreements
	7. Further provision relating to statements
	Default under regulated agreements (ss. 8-18)
	8. OFT to prepare information sheets on arrears and default
	9. Notice of sums in arrears under fixed-sum credit agreements etc.
	10. Notice of sums in arrears under running-account credit agreements
	11. Failure to give notice of sums in arrears
	12. Notice of default sums
	13. Interest on default sums
	14. Default notices
	15. Enforceability of regulated agreements
	16. Time orders
	17. Interest payable on judgment debts etc.
	18. Definition of "default sum"
	Unfair relationships (ss. 19-22)
	19. Unfair relationships between creditors and debtors
	20. Powers of court in relation to unfair relationships
	21. Interpretation of ss. 140A and 140B of the 1974 Act
	22. Further provision relating to unfair relationships
	Businesses requiring a licence and consequences of not being licensed (ss. 23-26)
	23. Definitions of "consumer credit business" and "consumer hire business"
	24. Debt administration etc.
	25. Credit information services
	26. Enforcement of agreements by unlicensed trader etc.
	Applications for licences and fitness to hold a licence etc. (ss. 27-33)
	27. Charge on applicants for licences etc.
	28. Applications for standard licences
	29. Issue of standard licences
	30. Guidance on fitness test
	31. Variation of standard licences etc.
	32. Winding-up of standard licensee's business
	33. Consequential amendments relating to ss. 27 to 32
	Duration of licences and charges (ss. 34-37)
	34. Definite and indefinite licences
	35. Charges for indefinite licences
	36. Extension of period to pay charge for indefinite licence
	37. Failure to pay charge for indefinite licence
	Further powers of OFT to regulate conduct of licensees etc. (ss. 38-43)
	38. Power of OFT to impose requirements on licensees
	39. Power of OFT to impose requirements on supervisory bodies
	40. Supplementary provision relating to requirements
	41. Procedure in relation to requirements
	42. Guidance on requirements
	43. Consequential amendments relating to requirements
	Powers and duties in relation to information (ss. 44-51)
	44. Provision of information etc. by applicants
	45. Duties to notify changes in information etc.
	46. Power of OFT to require information generally
	47. Power of OFT to require access to premises
	48. Entry to premises under warrant
	49. Failure to comply with information requirement
	50. Officers of enforcement authorities other than OFT
	51. Consequential amendments relating to information
	Civil penalties (ss. 52-54)
	52. Power of OFT to impose civil penalties
	53. Further provision relating to civil penalties
	54. Statement of policy in relation to civil penalties
	Appeals (ss. 55-58)
	55. The Consumer Credit Appeals Tribunal
	56. Appeals to the Consumer Credit Appeals Tribunal
	57. Appeals from the Consumer Credit Appeals Tribunal
	58. Consequential amendments relating to appeals
	Ombudsman scheme (ss. 59-61)
	59. Financial services ombudsman scheme to apply to consumer credit licensees
	60. Funding of ombudsman scheme
	61. Consequential amendments relating to ombudsman scheme
	Miscellaneous (ss. 62-65)
	62. Monitoring of businesses by OFT
	63. Disapplication of s.101 of the 1974 Act
	64. Determinations etc. by OFT
	65. Sums received by OFT
	Final provisions (ss. 66-71)
	66. Financial provision
	67. Interpretation
	68. Consequential amendments
	69. Transitional provision and savings
	70. Repeals
	71. Short title, commencement and extent
	Schedule 1 Schedule A1 to the 1974 Act
	Schedule 2 Part 3A of Schedule 17 to the 2000 Act
	Schedule 3 Transitional Provision and Savings
	Schedule 4 Repeals