The Consumer Credit (Disclosure of Information) Regulations 2004
| Jurisdiction | UK Non-devolved |
| Citation | SI 2004/1481 |
| Year | 2004 |
2004 No. 1481
CONSUMER CREDIT
The Consumer Credit (Disclosure of Information) Regulations 2004
Made 5th June 2004
Laid before Parliament 9th June 2004
Coming into force 31th May 2005
The Secretary of State, in exercise of the powers conferred upon her by sections 55(1), 182(2) and 189(1) of the Consumer Credit Act 19741, makes the following Regulations:—
Citation, commencement and interpretation
1.—(1) These Regulations may be cited as the Consumer Credit (Disclosure of Information) Regulations 2004 and shall come into force on 31st May 2005.
(2) In these Regulations—
“the Agreements Regulations” mean the Consumer Credit (Agreements) Regulations 19832;
“distance contract” means any regulated agreement made under an organised distance sales or service-provision scheme run by the creditor or owner or by an intermediary of the creditor or owner who, in any such case, for the purpose of that agreement makes exclusive use of one or more means of distance communication up to and including the time at which the agreement is made and for this purpose any means of communication is a means of distance communication if, without the simultaneous physical presence of the creditor or owner or any intermediary of the creditor or owner and of the debtor or hirer, it may be used for the distance marketing of a regulated agreement between the parties to that agreement;
“durable medium” means any instrument which enables the debtor or hirer to store information addressed personally to him in a way accessible for future reference for a period of time adequate for the purposes of the information and which allows the unchanged reproduction of the information stored.
Agreements to which these Regulations apply
2. These Regulations apply in respect of all regulated agreements except—
(a) agreements to which section 58 of the Consumer Credit Act 1974 (opportunity for withdrawal from prospective land mortgage) applies; and
(b) distance contracts.
Information to be disclosed to a debtor or hirer before a regulated agreement is made
3.—(1) Before a regulated agreement (“the relevant agreement”) is made, the creditor or owner must disclose to the debtor or hirer in the manner set out in regulation 4 the information and statements of protection and remedies that...
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