First Schedule, Part I

Section 2.

Council Directive of 22 December 1986 for the approximation of the laws, regulations and administrative provisions of the Member States concerning consumer credit (87/102/EEC)

The Council of the European Communities,

Having regard to the Treaty establishing the European Economic Community, and in particular Article 100 thereof,

Having regard to the proposal from the Commission [OJ No C 80, 27.3.1979, p. 4 and OJ No C 183, 10.7.1984, p. 4.],

Having regard to the opinion of the European Parliament [OJ No C 242, 12.9.1983, p. 10.],

Having regard to the opinion of the Economic and Social Committee [OJ No C 113, 7.5.1980, p. 22.],

Whereas wide differences exist in the laws of the Member States in the field of consumer credit;

Whereas these differences of law can lead to distortions of competition between grantors of credit in the common market;

Whereas these differences limit the opportunities the consumer has to obtain credit in other Member States; whereas they affect the volum

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