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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 February 2011 - onwards
Version 2 of 2

Regulation 3 Form and content of regulated consumer credit agreements

(1) Documents embodying a regulated consumer credit agreement shall contain the information set out in column 2 of Schedule 1 to these Regulations in so far as that information relates to the type of agreement referred to in column 1.

(2) The information specified in Schedule 1 shall be presented in a clear and concise manner.

(3) For the purposes of this regulation, the requirement for the information to be "clear" includes a requirement that the wording, apart from any signature, is to be easily legible and of a colour which is readily distinguishable from the background medium upon which the information is displayed.

(4) Documents embodying a regulated consumer credit agreement, other than an exempted agreement, shall contain statements of the protection and remedies available to debtors under the Act, in the Form numbered in column 1 of Schedule 2 to these Regulations and set out in column 3, in so far as those statements relate to the type of agreement referred to in column 2.

(5) Documents embodying a regulated consumer credit agreement shall contain details of any security provided in relation to the regulated agreement by the debtor.