(1) Subject to paragraphs (1A) to (2) and (4) below, Regulations 1 to 3 and 5 to 7 shall apply to regulated agreements, and modifying agreements treated under section 82(3) of the Act as regulated agreements, made on or after 19th May 1985.

(1A) Where an agreement is a regulated consumer credit agreement these Regulations apply where that agreement is -

(a) an agreement secured on land,

(b) an agreement under which the creditor provides the debtor with credit exceeding £60,260 other than a residential renovation agreement, or

(c) an agreement entered into by the debtor wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by him,

except to the extent that the Consumer Credit (Agreements) Regulations 2010 apply to such agreements.