
1 

(1) These Regulations may be cited as the
Consumer Credit (Guarantees and Indemnities) Regulations 1983 and shall come
into operation on 19th May 1985.
(2) In these Regulations—
 “the Act”
means the Consumer Credit
Act 1974;
 “guarantee” does not include a mortgage, charge or pledge; and

 “lettering” includes figures and symbols.
2 
These Regulations apply only to guarantees and indemnities provided
on or after 19th May 1985 in relation to regulated agreements at the request
(express or implied) of the debtor or hirer; and in these Regulations the
expression “security instrument”
means a document expressing the guarantee or indemnity
in writing.
3 

(1) Security instruments shall contain—

(a) a heading shown prominently on the first
page of the security instrument in one of the forms of words specified in 
Part I of the Schedule to these Regulations,
as the case may require;
(b) the information set out in 
Part II of the Schedule;
(c) a statement of the rights of the surety
in the Form specified in Part III
of the Schedule; and
(d) a signature box—
(i) in Form
1 specified in Part IV
of the Schedule where the regulated agreement in relation to which the guarantee
is provided is a consumer credit agreement; or
(ii) in Form
2 specified in Part IV
of the Schedule where the regulated agreement in relation to which the guarantee
is provided is a consumer hire agreement; or
(iii) in Form
3 specified in Part IV
of the Schedule where the regulated agreement in relation to which the indemnity,
or the guarantee and indemnity, is provided is a consumer credit agreement;
or
(iv) in Form
4 specified in Part IV
of the Schedule where the regulated agreement in relation to which the indemnity,
or the guarantee and indemnity, is provided is a consumer hire agreement.

(2) The wording of any Form prescribed by
these Regulations shall be reproduced in security instruments without any
alteration or addition, except that—
(a) the words “the creditor”
 or “the owner” or the words and symbol 
“the creditor/owner” may be replaced by the name of the
creditor or owner, by the expression by which the creditor or owner is referred
to in the guarantee or indemnity or by an appropriate pronoun, and any consequential
changes to pronouns may be made;
(b) the words “the debtor”
 or “the hirer” or the words and symbol 
“the debtor/hirer” may be replaced by the name of the
debtor or hirer and any consequential changes to pronouns and verbs may be
made; and
(c) every Form shall be completed in accordance
with any footnote.
(3) Any such footnote shall not be treated
as part of any Form prescribed by these Regulations and may be reproduced
in addition to any such Form.
(4) Where any such footnote requires any
words to be omitted, those words shall be omitted or deleted.
(5) Where words are shown in capital letters
in any Form prescribed in Parts III
and IV of the Schedule to
these Regulations and are reproduced in security instruments, they shall be
afforded more prominence (whether by capital letters, underlining, large or
bold print or otherwise) than any other lettering in that Form except lettering
inserted in accordance with paragraph (2)(c)
 above and no less prominence than that given
to any other information in the security instrument apart from the heading
to the instrument, trade names, the names of the creditor or owner, of the
debtor or hirer or of the surety, or lettering in the instrument inserted
in handwriting.
4 

(1) The lettering of the terms of the security
included in the document referred to in section
105(4)(a) of the Act and of the information
contained in that document for the purpose of conforming to these Regulations
shall, apart from any signature, be easily legible and of a colour which is
readily distinguishable from the colour of the paper.
(2) The signature of the said document shall
be made by or on behalf of the surety in the space in the document indicated
for the purpose.
(3) Nothing in 
paragraph (2) above shall prohibit the inclusion
in the said document, near to any such signature, of the signature by any
witness outside any signature box in which the surety may sign.
(4) In Scotland any provision in 
paragraph (2) above requiring the said document
to be signed shall be complied with by a body corporate if the document is
properly executed in accordance with the law of Scotland.
Alexander Fletcher
Parliamentary Under-Secretary of State
Department of Trade and Industry
24th October 1983
SCHEDULE
Regulation 3
PART I

(a) “Guarantee subject to the 
Consumer Credit Act 1974”;
(b) “Indemnity subject to the 
Consumer Credit Act 1974”; or
(c) “Guarantee and Indemnity subject
to the Consumer Credit Act 1974”.


PART II

(a) The name and a postal address of the
creditor or owner;
(b) the name and a postal address of the
debtor or hirer;
(c) the name and a postal address of the
surety; and
(d) a description of the subject matter to
which the security to be provided by the surety relates.

PART III
PART IV