Schedule 2 Forms of statement of protection and remedies available under the Consumer Credit Act 1974 to debtors under regulated consumer credit agreements
Regulations 3(4) and 7
|
FORM (1) |
TYPE OF AGREEMENT (2) |
FORM OF STATEMENT (3) |
|---|---|---|
|
1. |
Agreement to which section 58(1) of the Act applies. |
YOUR RIGHTS Under the Consumer Credit Act 1974, you should have been given a copy of this agreement at least seven days ago so you could consider whether you wanted to go ahead. If the creditor did not give you a copy of this agreement he can only enforce it with a court order. |
|
2. |
All agreements which are secured on land. |
YOUR HOME MAY BE REPOSSESSED. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. |
|
3. |
Cancellable agreements to which section 68(b) of the Act applies. |
YOUR RIGHT TO CANCEL You can cancel this agreement within FOURTEEN days (starting the day after you signed it) by giving WRITTEN notice to*. If you intend to cancel you should not use any goods you have under the agreement and you should keep them safe. You can wait for them to be collected and you do not need to hand them over until you receive a written request for them. |