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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 19 May 1985 - onwards
Version 2 of 2

Schedule 6 Prescribed terms for the purposes of sections 61(1)(a) and 127(3) of the Consumer Credit Act 1974

Regulation 6(1)

TYPE OF AGREEMENT

(1)

PRESCRIBED TERMS

(2)

Amount of credit

1. Restricted-use debtor-creditor-supplier agreements for fixed-sum credit -

(a) to finance a transaction comprising the acquisition of goods, services, land or other things specified in the agreement or identified and agreed on at the time the agreement is made;

(b) under which the total amount payable by the debtor is not greater than the total cash price; and

(c) under which there is no advance payment.

A term stating the amount of the credit, which may be expressed as the total cash price of the goods, services, land or other things, the acquisition of which is to be financed by credit under the agreement.

2. Agreements for fixed-sum credit not falling within paragraph 1.

A term stating the amount of the credit.

Credit limit