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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 30 December 2023 - onwards
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Regulation 29A Assignment of the creditor's rights or of the credit agreement itself

(1) Where a creditor's rights under a credit agreement, or of the agreement itself, are assigned to a third party, the consumer concerned is entitled to plead against the assignee any defence available to that consumer against the original creditor, including set-off.

(2) The consumer shall be informed of any assignment referred to in paragraph (1), except where the original creditor, by agreement with the assignee, continues to service the credit vis-à-vis the consumer.

Comparing proposed amendment...