HL Deb 25 July 1974 vol 353 cc1912-3

Regulated agreements

1.—(1) An agreement made before the day appointed for the purposes of this paragraph is not a regulated agreement within the meaning of this Act.

(2) In this Act "prospective regulated agreement" does not include a prospective agreement which, if made as expected, would be made before the day appointed for the purposes of this paragraph.

Linked transactions

2. A transaction may be a linked transaction in relation to a regulated agreement or prospective regulated agreement even though the transaction was entered into before the day appointed for the purposes of paragraph 1.

3. Section 19(3) applies only to transactions entered into on or after the day appointed for the purposes of this paragraph.

Total charge for credit

4. Section 20 applies to consumer credit agreements whenever made.