Regulation 2

Regulated consumer credit agreements which satisfy all the following conditions, namely they are agreements: -

1. which finance the supply of goods by the creditor to the debtor;

2. in relation to the making of which antecedent negotiations have been conducted that include the circulation of circulars, catalogues, brochures, price lists or audio-visual materials which -

(a) contain the information specified in Schedules 1 and 2 to the Consumer Credit (Advertisements) Regulations 1980 [S.I. 1980/54, amended by S.I. 1980/1360, 1983/110.]; and

(b) contain or are accompanied by a prominent notice indicating that the relevant printed or audio-visual material is available to the debtor to study in the absence of the negotiator before signing the unexecuted agreement;

3. under which goods supplied may be returned to the creditor within 14 days of their receipt by the debtor without the debtor incurring any liability, other than any liability which may arise from the failure of the debtor to take reasonable care of the goods while they are in his possession; and

4. on the making of which it is in the contemplation of the parties to the agreement that the creditor, or an agent of the creditor, or the negotiator may visit the debtor from time to time, and will maintain continuity of contact with him, during the duration of the agreement in relation to the collection of payments due under the agreement.