
1983 No. 1553
CONSUMER CREDIT
The Consumer Credit (Agreements) Regulations 1983
Made 24th October 1983
Laid before Parliament 3rd November 1983
Coming into Operation 19th May 1985
The Secretary of State, in exercise of the powers conferred
on him by sections 60, 
61(1)(a), 105(9), 
114(1), 127(3), 
182(2) and 189(1)
of the Consumer Credit Act 1974
and of all other powers enabling him in that behalf, hereby makes the following
Regulations:—
Citation, commencement and interpretation
1 

(1) These Regulations may be cited as the
Consumer Credit (Agreements) Regulations 1983 and shall come into operation
on 19th May 1985.
(2) In these Regulations, unless the context
otherwise requires—
 “the Act”
means the Consumer Credit
Act 1974;
 “advance payment” includes any deposit and in relation to a regulated consumer credit
agreement includes also any part-exchange allowance in respect of any goods
agreed in antecedent negotiations to be taken by the creditor in part-exchange
but does not include a repayment of credit or any insurance premium or any
amount entering into the total charge for credit;
 “the APR”
means the annual percentage rate of charge for credit
determined in accordance with the Total Charge for Credit Regulations and 
Schedule 7 to these Regulations and, in the
case of modifying agreements, Regulation 7
of, and Part I of Schedule 8
to, these Regulations;
 “cancellable agreement”
 includes an agreement which is a modifying
agreement treated under section 82(5)
of the Act as a cancellable agreement;
 “cash price”
in relation to any goods, services, land or other things means the price or charge at which the goods, services, land or other
things may be purchased by, or supplied to, the debtor for cash;

 ...
 “earlier credit agreement”
 means an earlier agreement for the provision
of credit;
 “earlier hire agreement”
 means an earlier agreement for the bailment
or the hiring of goods;
 “guarantee of goods” means anything in writing which contains or purports to contain some promise or assurance (however worded or presented) that defects in goods will be made good by complete or partial replacement, or by repair, monetary compensation or otherwise;
 “hire payment”
means any payment to be made by the hirer in relation
to any period in consideration of the bailment or hiring to him of goods under
a regulated consumer hire agreement;
 “lettering” includes figures and symbols;
 “modified agreement”
 means an earlier agreement as varied
or supplemented by a modifying agreement, which is treated as— 
(a) revoking the earlier agreement, and
(b) containing provisions reproducing
the combined effect of the two agreements;
 “the relevant date”
shall be determined in accordance with the Total Charge for Credit Regulations
and, in the case of modifying agreements, Regulation
7(7) below;
 “total charge for credit”
 shall be determined in accordance with
the Total Charge for Credit Regulations and, in the case of modifying agreements, 
Regulation 7 of, and Part I of Schedule
8 to, these Regulations; and
 “the Total Charge for Credit
Regulations” means the Consumer Credit (Total Charge for Credit)
Regulations 1980.
(2A) References in these Regulations to contracts of insurance must be read with—
(a) section 22 of the Financial Services and Markets Act 2000;
(b) any relevant order under that section; and
(c) Schedule 2 to that Act.
(3) In these Regulations, any reference to
a repayment is a reference to—
(a) a repayment of the whole or any part
of the credit;
(b) a payment of the whole or any part of
the total charge for credit; or
(c) a combination of such repayments and
payments.
Form and content of regulated consumer credit agreements
2 

(1) Subject to 
paragraphs (2) and (7A) below, documents embodying regulated
consumer credit agreements (other than modifying agreements) shall contain
the information set out in Column 2 of Schedule
1 to these Regulations in so far as it relates
to the type of agreement referred to in Column 1.
(2) Where any information about financial
and related particulars set out in 
paragraphs 9 to 11 of Schedule 1 to these Regulations
cannot be exactly ascertained by the creditor, estimated information based
on such assumptions as the creditor may reasonably make in all the circumstances
of the case and an indication of the assumptions made shall be included in
documents embodying regulated consumer credit agreements.
(3) Subject to paragraph (7A) below, Documents embodying regulated consumer
credit agreements , other than agreements of the description specified in the Schedule to the Consumer Credit (Notices of Cancellation Rights) (Exemptions) Regulations 1983 in relation to which there are no charges forming part of the total charge for credit, shall contain statements of the protection and remedies
available to debtors under the Act, in the Form numbered in 
Column 1 of Part I of Schedule 2 to these Regulations
and set out in Column 3, in so far as they relate to the type of agreement
referred to in Column 2.
(4) Subject to 
paragraph (5) below, the information about
financial and related particulars set out in paragraphs 3 to 19 of Schedule 1
to these Regulations, and also the statements of the protection and remedies
available to debtors under the Act specified in Forms 5 , 7 and 9 of Part I of Schedule 2,
shall be shown together as a whole in documents embodying regulated consumer
credit agreements and not interspersed with other information apart from subtotals
of total amounts and cross-references to terms of the agreement:Provided that the said statements specified in Forms 5 , 7 and 9 of Part I of Schedule 2
need not be shown together as a whole with the said information about financial
and related particulars, if a reference to those statements is shown together
with the said information about financial and related particulars.
(5) In the case of documents embodying restricted-use
debtor-creditor-supplier agreements for fixed-sum credit to finance a transaction
comprising the acquisition of goods, services, land or other things specified
in the agreement or identified and agreed on at the time the agreement is
made and relating to more than one description of goods, services, land or
other things, the cash prices, and the total cash price, referred to in 
paragraph 4 of Schedule 1 to these Regulations
may be shown in a schedule to such document together with each description
of the goods, services, land or other things, provided that the total cash
price and a reference to the schedule to such document are shown together
with the remaining financial and related particulars specified in paragraphs 5 to 19 of Schedule 1.

(6) The APR referred to in paragraphs 15 to 17 of Schedule 1
to these Regulations shall in documents embodying regulated consumer credit
agreements , other than agreements of the description specified in the Schedule to the Consumer Credit (Notices of Cancellation Rights) (Exemptions) Regulations 1983 in relation to which there are no charges forming part of the total charge for credit,—
(a) be denoted as “APR” or “annual
percentage rate” or “annual percentage rate of the total charge
for credit”; and
(b) be afforded no less prominence than any
of the other financial and related particulars referred to in paragraphs 3 to 19 of Schedule 1
and the statements specified in 
Forms 5 to 10 of Part I of Schedule 2.
(7) Subject to paragraph (7A) below, Documents embodying regulated consumer
credit agreements , other than agreements of the description specified in the Schedule to the Consumer Credit (Notices of Cancellation Rights) (Exemptions) Regulations 1983 in relation to which there are no charges forming part of the total charge for credit, shall contain a signature box in the Form numbered in 
Column 1 of Part I of Schedule 5 to these Regulations
and set out in Column 3 in so far as it relates to the type of agreement referred
to in Column 2 and shall, if the agreement is one to which 
section 58(1) of the Act applies, is a cancellable
agreement or is an agreement under which a person takes any article in pawn
and under which the pawn-receipt is not separate from the document embodying
the agreement, contain a separate box immediately above, below or adjacent
to the signature box in which shall be included the appropriate statements
specified in Forms 1 to 4 of Part
I, and in Part II, of Schedule 2.

(7A) Documents embodying a debtor-creditor-supplier agreement falling within section 12(a) of the Act or a debtor-creditor agreement (in this paragraph in either case referred to as “the principal agreement”) and also embodying, or containing the option of, a debtor-creditor-supplier agreement falling within section 12(b) of the Act (in this paragraph referred to as “the subsidiary agreement”) where the subsidiary agreement is to finance a premium under either or both of—
(a) a contract of insurance to provide a sum payable in the event of one or more of the following:—
(i) accident;
(ii) sickness;
(iii) unemployment;
(iv) death only,of a debtor before the credit under the principal agreement and the subsidiary agreement has been repaid, where the sum payable does not exceed the amount sufficient to defray the sums payable to the creditor in respect of that credit and of the total charge for credit and where the policy monies payable under the contract of insurance are to be used for a repayment under the principal agreement and the subsidiary agreement;
(b) any other contract in so far as it relates to a guarantee of goods,may contain instead of the headings, statements of the protection and remedies available to debtors under the Act and signature boxes that would otherwise apply—
(aa) a heading and signature box in so far as they relate to the principal agreement;
(bb) a statement in Form 12 of Part I of Schedule 2 to these Regulations; and
(cc) other statements (other than in Form 14 of Part I of Schedule 2) of the protection and remedies available to debtors under the Act in so far as they relate to the principal agreement.
(8) Documents embodying regulated consumer
credit agreements shall embody any security provided in relation to the regulated
agreement by the debtor.
Form and content of regulated consumer hire agreements
3 

(1) Subject to 
paragraph (2) below, documents embodying regulated
consumer hire agreements (other than modifying agreements) shall contain the
information set out in Column 2 of Schedule 3
 to these Regulations in so far as it relates
to the type of agreement referred to in Column 1.
(2) Where any information about financial
and related particulars set out in 
paragraphs 5 and 6 of Schedule 3 to these Regulations
cannot be exactly ascertained by the owner, estimated information based on
such assumptions as the owner may reasonably make in all the circumstances
of the case and an indication of the assumptions made shall be included in
documents embodying regulated consumer hire agreements.
(3) Documents embodying regulated consumer
hire agreements shall contain statements of the protection and remedies available
to hirers under the Act, in the Form numbered in 
Column 1 of Schedule 4 to these Regulations
and set out in Column 3, in so far as they relate to the type of agreement
referred to in Column 2.
(4) Subject to 
paragraph (5) below, the information about
financial and related particulars set out in paragraphs 3 to 8 of Schedule 3
to these Regulations shall be shown together as a whole in documents embodying
regulated consumer hire agreements and not interspersed with other information
apart from subtotals of total amounts and cross-references to terms of the
agreement.
(5) In the case of documents embodying consumer
hire agreements relating to more than one description of goods to be bailed
or hired under the agreement, the list or other description of the goods referred
to in paragraph 3 of Schedule 3
to these Regulations may be shown in a schedule to such document, provided
that a reference to the schedule to such document is shown together with the
remaining financial and related particulars specified in paragraphs 4 to 8 of Schedule 3.

(6) Documents embodying regulated consumer
hire agreements shall contain a signature box in the Form numbered in 
Column 1 of Part II of Schedule 5 to these
Regulations and set out in Column 3, in so far as it relates to the type of
agreement referred to in Column 2 and shall, if the agreement is one to which 
section 58(1) of the Act applies or is a cancellable
agreement, contain a separate box immediately above, below or adjacent to
the signature box in which shall be included the appropriate statements specified
in Forms 1 to 3 of Schedule 4.

(7) Documents embodying regulated consumer
hire agreements shall embody any security provided in relation to the regulated
agreement by the hirer.
Pawn-receipts
4 
Where a pawn-receipt is given under 
section 114(1) of the Act, by a person who
takes any article in pawn under a regulated consumer credit agreement or a
modifying agreement varying or supplementing an earlier credit agreement which
is, or is treated under section 82(3)
of the Act as, a regulated agreement, and where the pawn-receipt is not separate
from any document embodying such an agreement, it shall—
(a) contain the information set out in 
paragraphs 1, 2
and 20 of Schedule 1 to
these Regulations, or, in the case of a modifying agreement varying or supplementing
an earlier credit agreement, in paragraphs 1
, 2 and 
20 of Part I of Schedule 8; and
(b) contain a notice in the 
Form numbered 16 in Column 1 of Part
II of Schedule 2 to these Regulations and set
out in Column 3.
Statutory Forms
5 

(1) The wording of any Form specified in 
Schedule 2, 4 and 
5 to these Regulations shall be reproduced
in documents embodying regulated agreements without any alteration or addition,
except that—
(a) the words “the creditor”
or “the 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 agreement or by an appropriate pronoun, and any consequential changes
to pronouns and verbs or other consequential grammatical changes may be made;

(b) the word “DEBTOR”
 may be replaced by “BORROWER” or 
“CUSTOMER” and the word “Debtor(s)”
 may be replaced by “Borrower(s)” or 
“Customer(s)”; and
(c) every Form shall be completed in accordance
with any footnote.
(2) Any such footnote shall not be treated
as part of any Form specified in the said Schedules and may be reproduced
in addition to any such Form.
(3) Where any such footnote requires any
words to be omitted, those words shall be omitted or deleted.
(4) Where words are shown in capital letters
in any Form specified in Schedule 2, 
4 or 5
to these Regulations and are reproduced in documents embodying regulated agreements,
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
(1)(c) above and no less prominence than that
given to any other information in the document apart from the heading to the
document, the APR, trade names, names of parties to the agreement or lettering
in the document inserted in handwriting.
Signing of agreement
6 

(1) The terms specified in 
Column 2 of Schedule 6 to these Regulations
in relation to the type of regulated agreement referred to in Column 1 (and
no other terms) are hereby prescribed for the purposes of 
section 61(1)(a) of the Act (the terms which
must be contained in a document if a regulated agreement is not to be improperly
executed) and of section 127(3)
(the terms which must be contained in a document before any enforcement order
can be made under section 65(1),
if section 61(1)(a) was
not complied with).
(2) The lettering of the terms of the agreement
included in the document referred to in section
61(1)(a) of the Act, containing all the prescribed
terms of the regulated agreement, 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 background medium upon which the information is displayed.
(3) The signature of the said document shall
be made in the following manner—
(a) by the debtor or hirer, or by or on behalf
of the debtor or hirer in the case of a partnership or an unincorporated body
of persons, in the space in the document indicated for the purpose, and, subject
to sub-paragraph (c)
below, the date of the signature shall be inserted in the space in the document
indicated for the purpose;
(b) by the creditor or owner, or by a person
on his behalf, outside any signature box in which the debtor or hirer may
sign and, subject to sub-paragraph (c)
below, the date of the signature shall be inserted outside any such signature
box;
(c) in the case of a regulated agreement
which is not a cancellable agreement, the date on which the unexecuted agreement
becomes an executed agreement may be inserted in the document and in such
a case any other date specified in paragraphs
(a) and (b)
above need not be inserted; and
(d) nothing in this Regulation 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 debtor or hirer may
sign.
(4) In Scotland any provision in 
paragraph (3) 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.
(5) Where an agreement is intended to be concluded by the use of an electronic communication nothing in this Regulation shall prohibit the inclusion in the signature box of information about the process or means of providing, communicating or verifying the signature to be made by the debtor or hirer.
Modifying agreements which are, or are treated as, regulated agreements
7 

(1) The provisions of these Regulations shall
apply to modifying agreements which vary or supplement earlier credit agreements
or earlier hire agreements and which are, or are treated under 
section 82(3) of the Act as, regulated agreements,
subject as hereinafter mentioned.
(2) Subject to 
paragraphs (3) and (12)
below, documents embodying modifying agreements varying or supplementing earlier
credit agreements shall contain the information set out in 
Column 2 of Part I of Schedule 8 to these Regulations
in so far as it relates to the type of modifying agreement referred to in
Column 1.
(3) Where any information about financial
and related particulars set out in 
paragraphs 8 to 10 of Part I of Schedule 8
to these Regulations cannot be exactly ascertained by the creditor, estimated
information based on such assumptions as the creditor may reasonably make
in all the circumstances of the case and an indication of the assumptions
made shall be included in documents embodying modifying agreements varying
or supplementing earlier credit agreements.
(4) Subject to 
paragraph (5) below, the information about
financial and related particulars set out in paragraphs 3 to 19 of Part I of Schedule 8
to these Regulations shall be shown together as a whole in documents embodying
modifying agreements varying or supplementing earlier credit agreements in
relation to the credit to be provided under the modified agreement and not
interspersed with other information apart from subtotals of total amounts
and cross-references to terms of the modifying agreement.
(5) In the case of documents embodying modifying
agreements varying or supplementing earlier restricted-use debtor-creditor-supplier
agreements for fixed-sum credit which were to finance a transaction comprising
the acquisition of goods, services, land or other things specified in the
earlier agreement or identified and agreed on at the time the earlier agreement
was made and relating to more than one description of goods, services, land
or other things, the cash prices, and the total cash price, referred to in 
paragraph 3 of Part I of Schedule 8 to these
Regulations may be shown in a schedule to such document together with each
description of the goods, services, land or other things, provided that the
total cash price and a reference to the schedule to such document are shown
together with the remaining financial and related particulars specified in paragraphs 4 to 19 of Part I of Schedule 8.

(6) The APR referred to in paragraphs 14 to 17 of Part I of Schedule 8
to these Regulations shall in documents embodying modifying agreements varying
or supplementing earlier credit agreements—
(a) be denoted as “APR” or “annual
percentage rate” or “annual percentage rate of the total charge
for credit”; and
(b) be afforded no less prominence than any
of the other financial and related particulars referred to in paragraphs 3 to 19 of Part I of Schedule 8
and the statements specified in 
Forms 5 to 10 of Part I of Schedule 2.
(7) For the purposes of 
Part I of Schedule 8 to these Regulations,
in calculating—
(a) the amount of repayments or of any capital
outstanding under an earlier agreement;
(b) the total charge for credit (or any items
included in it) in relation to the credit to be provided under the modified
agreement; or
(c) the APR in relation to the modified agreement,
the relevant date shall be determined by reference to the date
of the modifying agreement.
(8) For the purposes of 
Part I of Schedule 8 to these Regulations,
the total cash price under the modified agreement shall be taken to be the
total of—
(a) the total amount of the capital outstanding
under the earlier agreement on the relevant date within the meaning of 
paragraph 5 of Part I of Schedule 8; and
(b) the cash price in relation to each list
or other description of any additional goods, services, land or other things
the acquisition of which is to be financed by credit under the modifying agreement.

(9) Subject to 
paragraphs (10), (12)
and (15) below, documents
embodying modifying agreements varying or supplementing earlier hire agreements
shall contain the information set out in Column
2 of Part II of Schedule 8 to these Regulations
in so far as it relates to the type of modifying agreement referred to in
Column 1.
(10) Where any information about financial
and related particulars set out in paragraphs
5 and 6 of Part II of Schedule 8
to these Regulations cannot be exactly ascertained by the owner, estimated
information based on such assumptions as the owner may reasonably make in
all the circumstances of the case and an indication of the assumptions made
shall be included in documents embodying modifying agreements varying or supplementing
earlier hire agreements.
(11) The information about financial and
related particulars set out in 
paragraphs 3 to 8 of Part II of Schedule 8
to these Regulations shall be shown together as a whole in documents embodying
modifying agreements varying or supplementing earlier hire agreements in relation
to the goods to be bailed or hired under the modified agreement and not interspersed
with other information apart from subtotals of total amounts and cross-references
to terms of the modifying agreement.
(12) Where any information about financial
and related particulars set out in 
paragraphs 3 to 19 of Schedule 1 to these Regulations
and paragraphs 3 to 8 of Schedule
3 is contained in any document embodying an
earlier agreement, nothing in the preceding provisions of this Regulation
shall require the information to be contained in any document embodying a
modifying agreement varying or supplementing an earlier agreement except as
mentioned in Schedule 8
if the information is not varied or supplemented by the modifying agreement
and the document contains a statement to this effect.
(13) Documents embodying modifying agreements
shall identify clearly the terms and financial and related particulars of
earlier agreements varied or supplemented by modifying agreements.
(14) In the application of 
Regulation 6(1) above and 
Schedule 6 to these Regulations to modifying
agreements, which are, or are treated under 
section 82(3) of the Act as, regulated agreements—

(a) for any reference to the type of agreement
referred to in Column 1 of Schedule 6
there shall be substituted a reference to modifying agreements which vary
or supplement the type of agreement referred to in 
Column 1 of Schedule 6;
(b) any reference in 
Column 2 of Schedule 6 to an agreement, or
a term, shall be a reference to a modified agreement, or a term of a modified
agreement, as the case may be; and
(c) any term referred to in 
Column 2 of Schedule 6 in relation to the type
of modifying agreement referred to in sub-paragraph
(a) above shall not be a prescribed term for
the purposes of sections 61(1)(a)
and 127(3) of the Act, if
the term was a term of the earlier agreement and has not been varied or supplemented
by the modifying agreement.
(15) Where a modifying agreement varies or
supplements an earlier hire agreement and the modified agreement is, or is
treated as, a restricted-use debtor-creditor-supplier agreement, the provisions
of this Regulation shall apply to any document embodying the modifying agreement
as though it varied or supplemented an earlier restricted-use debtor-creditor-supplier
agreement, except that its heading shall be “Agreement modifying a Hire
Agreement and regulated by the Consumer Credit
Act 1974”.
Application of Regulations
8 

(1) Subject to 
paragraph (2) below, Regulations 1 to 3 and 5 to 7 shall apply to regulated
agreements, and modifying agreements treated under 
section 82(3) of the Act as regulated agreements,
made on or after 19th May 1985.
(2) In the case of a modifying agreement
of a type specified in paragraphs
3 to 19 of Part I and 
3 to 8 of Part II of Schedule 8 to these Regulations
made on or after 19th May 1985 which varies or supplements an earlier credit
agreement or an earlier hire agreement made before that date, nothing in these
Regulations shall require the information about financial and related particulars
specified in those paragraphs to be contained in any document embodying the
modifying agreement if no term of the earlier agreement relating to such financial
and related particulars has been varied or supplemented by the modifying agreement.

(3) Nothing in these Regulations applies
to a regulated agreement which purports to bind a person to enter as debtor
or hirer into a prospective regulated agreement and which is excluded from
the operation of section 59(1)
of the Act by the Consumer
Credit (Agreements to enter Prospective Agreements) (Exemptions) Regulations
1983.
Alexander Fletcher
Parliamentary Under-Secretary of State
Department of Trade and Industry
24th October 1983
SCHEDULE 1
INFORMATION TO BE CONTAINED IN DOCUMENTS EMBODYING REGULATED
CONSUMER CREDIT AGREEMENTS OTHER THAN MODIFYING AGREEMENTS
Regulation 2(1)


TYPE OF AGREEMENT 
INFORMATION
(1) (2)
Nature of agreement
1. All types. (1) A heading in one of the following forms of words
shown prominently on the first page of the document—
 (a)
“Hire-Purchase Agreement regulated by the 
Consumer Credit Act 1974”;
 
(b) “Conditional Sale Agreement regulated by the 
Consumer Credit Act 1974”; or
 
(c) “Credit Agreement regulated by the 
Consumer Credit Act 1974”,
 as the case may require.

 (2) Where
the document and a pawn-receipt are combined, the words “, and
Pawn-Receipt,” shall be inserted in the heading after the word 
“Agreement”.
 (3) Where the document embodies an agreement of which at least
one part is a credit agreement not regulated by the Act, the word 
“partly” shall be inserted before “regulated”
 unless the regulated and unregulated parts of the agreement are clearly
separate.
Parties to agreement
2.
All types. (1) The name  , postal address and, where appropriate, any other address  of the creditor.
 (2) The name  , postal address and, where appropriate, any other address  of the debtor.
FINANCIAL AND
RELATED PARTICULARS
Description of goods, services, land etc.

3. Restricted-use debtor-creditor-supplier agreements for fixed-sum
credit to finance a transaction comprising the acquisition of goods, services,
land or other things specified in the agreement or identified and agreed on
at the time the agreement is made. A
list or other description of the goods, services or other things and, in the
case of land, a general description of the land, the acquisition of which
is to be financed by credit under the agreement.

Cash price
4. Agreements falling within 
paragraph 3. 
The cash price in relation to each list or other description of goods, services,
land or other things, to be shown under paragraph
3 above, and the total cash price.
Advance payments
5. All types in relation to
which any advance payment is to be made by the debtor (whether under the agreement
or as a condition precedent to the making of the agreement) before he is provided
with credit under the agreement or, as the case may be, before he enters into
the agreement. The amount of the advance
payments to be made by the debtor and, in the case of a cancellable agreement,
the nature of such payments.
Amount of credit
6.
Agreements falling within paragraph 3
except agreements under which both— 
The amount of the credit to be provided under the agreement, namely the difference
between the total cash price to be shown under 
paragraph 4 above and the total of any advance
payments to be shown under paragraph 5
above.

(a) the total amount payable by the debtor is not greater than
the total cash price referred to in paragraph
4; and
(b) there is no advance payment
falling within paragraph 5.


7. Agreements for fixed-sum credit not falling within 
paragraph 3. 
The amount of the credit to be provided under the agreement.

Credit limit
8. Agreements for running-account credit. The credit limit expressed as:—
 
(a) a sum of money;
 (b) a statement that the credit
limit will be determined by the creditor from time to time under the agreement
and that notice of it will be given by him to the debtor;
 (c)
a sum of money together with a statement that the creditor may vary the credit
limit to such sum as he may from time to time determine under the agreement
and that notice of it will be given by him to the debtor; or
 (d)
in a case not falling within head (a), (b) or (c) above,
either a statement indicating the manner in which the credit limit will be
determined and that notice of it will be given by the creditor to the debtor
or a statement indicating that there is no credit limit.

Total charge for credit, rate of interest, etc.
9. Agreements
for fixed-sum credit except agreements— 
The total charge for credit (with or without a list of its constituent parts).


(a) which do not specify either the intervals between repayments
or the amounts of repayments or both the intervals and the amounts;
(b)
under which the total amount payable by the debtor to discharge his indebtedness
in respect of the amount of credit provided may vary according to any formula
specified in the agreement having effect by reference to movements in the
level of any index or to any other factor;
(c) which provide for
a variation of, or permit the creditor to vary, (whether or not by reference
to any index) the amount or rate of any item included in the total charge
for credit after the relevant date; or
(d) under which the total amount
payable by the debtor is not greater than the total cash price referred to
in paragraph 4.


10. Agreements for— 
(1) The rate of any interest on the credit to be provided under the agreement.


(a) running-account credit; and
(b) fixed-sum credit
falling within the exceptions in 
paragraph 9(a) to (c). (2) The total amount of other charges included in the total
charge for credit in relation to the credit to be provided under the agreement,
except that, where any such charge cannot be stated as an amount, the rate
of the charge or the formula in accordance with which it may be calculated
and the total amount of the other such charges shall be shown separately.

Total amount payable
11. Agreements falling
within paragraph 9.
 The total amount payable, being the
total of any amounts to be shown under paragraphs
5, 6 or 
7, and 9
above.
Timing of repayments
12.
All types. The timing of repayments to
be made under the agreement expressed by reference to one or more of the following—

 (a) the dates on which each repayment is to be made;

 (b) the frequency and number of the repayments and
the date of the first repayment or a statement indicating the manner in which
that date will be determined;
 (c) a statement indicating the
manner in which the dates of the repayments will be determined.
Amounts of repayments
13. All types except
those falling within paragraph 14.
 The amount of each repayment to be made
under the agreement expressed as—
 (a) a sum of
money;
 (b) a specified proportion of a specified amount
(including the amount outstanding from time to time);
 (c)
a combination of heads (a) and (b) above; or
 (d) in a case
where the amount of any repayment cannot be expressed in accordance with head (a), (b) or (c) above, a statement indicating the manner in which
the amount will be determined
14. Agreements where—
(i) the credit to be provided is repayable by two or more instalments; and
 The amount of each repayment to be made
under the agreement (with or without the equivalent repayment after deduction
of tax in accordance with section 26
of, and Schedule 7 to, the 
Finance Act 1982), expressed as—
(ii) the interest on the credit is of
a type to which section 26
 of, and Schedule 7
to, the Finance Act 1982
apply. (a)
a sum of money;
 (b) a specified proportion of a specified amount
(including the amount outstanding from time to time);
 (c)
a combination of heads (a) and (b) above; or
 (d) in a case
where the amount of any repayment cannot be expressed in accordance with head (a), (b) or (c) above, a statement indicating the manner in which
the amount will be determined:
 Provided that, where the amounts to be paid by the debtor
after deduction of tax in accordance with section
26 of, and Schedule 7
to, the Finance Act 1982
are the same, the requirements of this paragraph may be satisfied by a statement
indicating the lowest and highest amounts of the repayments to be made under
the agreement before deduction of tax.

APR

15. All types except those referred to in 
paragraph 16. 
The APR in relation to the agreement or a statement indicating that the total
amount payable under the agreement is not greater than the total cash price
of the goods, services, land or other things, the acquisition of which is
to be financed by credit under the agreement.
16. Debtor-creditor-supplier
agreements for running-account credit under which— (1) The APR in relation to the agreement calculated on the
assumptions specified in sub-paragraphs (2)
and (3) below.
(a)
the debtor agrees to pay the creditor an amount specified in the agreement
on specified occasions; (2) The first
assumption referred to in sub-paragraph (1)
above is the assumption that—
(b) there is a credit limit;
and (a)
the debtor is provided with an amount of credit at the date of the making
of the agreement which, taken with the amount of the charge for that credit
ascertained at that date, is equal to the credit limit; and
(c) charges
for credit are either—

(i) a fixed amount in respect of each transaction, or
(ii) calculated as a proportion of the price
payable under a transaction financed by the credit. (b) the debtor repays the sum
of the amounts referred to in head (a)
above by payments of the amounts specified in the agreement on the occasions
specified in the agreement and makes no other payment and obtains no further
credit in relation to the account.
 (3) The second assumption referred to in 
sub-paragraph (1) above is the like assumption
as in sub-paragraph (2)
above save that the sum of the amounts referred to in head 
(a) thereof shall be taken to be one third of the credit limit.


17. Agreements where the APR is based on a total charge for credit
which is calculated to take account of relief available under 
section 19 of the Income and Corporation
Taxes Act 1970 and 
Schedule 4 to the Finance Act 1976
. A statement
indicating that it has been assumed in the calculation of the APR in relation
to the agreement that relief may be available under 
section 19 of the Income and Corporation
Taxes Act 1970 and 
Schedule 4 to the Finance Act 1976
 in respect of premiums under certain policies
of insurance without any deduction under section
21 of the said Act of 1970.

Variable rates or items
18. Agreements under which the rate or amount of
any item included in the total charge for credit will or may be varied (other
than a variation in consequence of an event which is certain to occur). A statement indicating that in calculating the APR
no account has been taken of any variation which may occur under the agreement
of the rate or amount of any item entering into that calculation.
19.
Agreements falling within paragraph 18.
 A statement indicating the circumstances
in which any variation referred to in paragraph
18 above may occur and, where that information
is ascertainable at the time at which the document referred to in 
section 61(1) of the Act is presented or sent
to the debtor for signature, the time at which any such variation may occur.

19A. Agreements to which regulation 15A of the Total Charge for Credit Regulations applies.
                          
                         
                          The initial standard variable rate within the meaning of regulation 15A(2) of the Total Charge for Credit Regulations together with a statement explaining–
                          (a) what that rate is; and(b) that it has been taken into account in calculating the APR.

OTHER INFORMATION
Security provided by the debtor
20.
Agreements, to which section 114
of the Act applies, under which a person takes any article in pawn and where
no separate pawn-receipt is given. A
statement indicating that an article has been taken in pawn under the agreement
and a description of the article sufficient to identify it.
21. All types
except those referred to in paragraph 20
in relation to which any security is to be provided by the debtor to secure
the carrying out of the obligations of the debtor under the agreement. A description of the security to be provided by
the debtor in relation to the agreement sufficient to identify it and—

 (a) a general description of any stocks and shares
(including any right to become a stockholder or shareholder) to which it relates;
and
 (b) in any other case a description of the subject
matter to which it relates.
Charges on default
22.
All types including provisions for charges on default. An indication of any charges payable under the agreement
to the creditor upon failure by the debtor or a relative of his to do or refrain
from doing anything which he is required to do or refrain from doing, as the
case may be.
SCHEDULE 2
Regulation 2(3)
PART I FORMS OF STATEMENT OF PROTECTION AND REMEDIES AVAILABLE
AGREEMENTS
UNDER THE CONSUMER CREDIT ACT 1974 TO DEBTORS UNDER REGULATED CONSUMER CREDIT
                  
PART II NOTICE TO BE CONTAINED IN DOCUMENTS EMBODYING A COMBINED
CONSUMER CREDIT AGREEMENT AND PAWN-RECEIPT
Regulation 4
SCHEDULE 3
INFORMATION TO BE CONTAINED IN DOCUMENTS EMBODYING REGULATED
CONSUMER HIRE AGREEMENTS OTHER THAN MODIFYING AGREEMENTS
Regulation 3(1)


TYPE OF AGREEMENT 
INFORMATION
(1) (2)
Nature of agreement
1.
All types. A heading in the following
form of words shown prominently on the first page of the document—“Hire Agreement regulated by the 
Consumer Credit Act 1974”.
Parties to agreement
2. All types. (1) The name  , postal address and, where appropriate, any other address  of the owner.

 (2) The name
 , postal address and, where appropriate, any other address  of the hirer.
FINANCIAL AND RELATED PARTICULARS

Description of goods
3. All types. 
A list or other description of the goods to be bailed or hired under the agreement.

Advance payments
4. All types in relation to
which any advance payment is to be made by the hirer (whether under the agreement
or as a condition precedent to the making of the agreement) before he is to
take possession of the goods to be bailed or hired under the agreement or,
as the case may be, before he enters into the agreement. The amount of the advance payments to be made by the hirer
and, in the case of a cancellable agreement, the nature of such payments.

Hire payments
5. All types. (1) The amount of each hire payment, other than an advance
payment to be shown under paragraph 4
above.
 (2)
The timing of such payments to be made under the agreement expressed by reference
to one or more of the following—
 (a) the dates
on which each payment is to be made;
 (b) the frequency
and number of the payments and the date of the first payment or a statement
indicating the manner in which that date will be determined;
 (c)
a statement indicating the manner in which the dates of the payments will
be determined.
Other payments
6. All types
including provisions for payments other than advance payments and hire payments.
 (1) The amount (or a statement indicating
the manner in which the amount will be determined) of each of the following
descriptions of payments (not being an advance payment to be shown under 
paragraph 4 above or a hire payment to be shown
under paragraph 5)
to be made under the agreement by, or on behalf of, the hirer, or a relative
of his, to the owner, that is to say,—
 (a) any
payment under arrangements for the installation, care, maintenance or protection
of any goods;
 (b) any premium under a contract of insurance; or

 (c) any payment payable on termination of the agreement
(other than a payment on default to be shown under 
paragraph 10 below).
 (2) The timing of such payments expressed
by reference to one or more of the following—
 (a)
the dates on which each payment is to be made;
 (b) the
frequency and number of the payments and the date of the first payment or
a statement indicating the manner in which that date will be determined;
 
(c) a statement indicating the manner in which the dates of the
payments will be determined.
 (3) References in this paragraph to the owner include references
to his near relative, his partner and a member of a group of which he is a
member, to any person nominated by him or by any such person in relation to
the arrangements, the contract of insurance or the termination of the agreement,
and to a near relative of his partner; and “near
relative” means, in relation to
any person, the husband, wife, father, mother, brother, sister, son or daughter
of that person and “group”
 means the person (including a company)
having control of a company together with all the companies directly or indirectly
controlled by him.
Variable payments
7.
All types including provisions for variation of hire or other payments, where
the amount of any such payment following any variation cannot be ascertained
at the time of the making of the agreement. 
(1) Subject to sub-paragraph (2)
below, a statement indicating the circumstances in which any hire payment
to be shown under paragraph 5
above or any other payment to be shown under 
paragraph 6 may be varied under the agreement
and, where that information is ascertainable at the time at which the document
referred to in section 61(1)
of the Act is presented or sent to the hirer for signature, the time at which
any such variation may occur.
 (2) 
Sub-paragraph (1) above does not apply to a
variation under the agreement which takes account only of a change in value
added tax.
 
(3) References in sub-paragraph (2)
above to a change in value added tax include references to a change to or
from no tax being charged.
Duration of hire
8. All types including a provision that goods are
to be bailed or hired for a fixed period or a minimum period. A statement indicating that goods are to be bailed
or hired under the agreement for a fixed period or a minimum period, as the
case may be, and the duration of that period.
OTHER INFORMATION
Security provided by the hirer
9. All types
in relation to which any security is to be provided by the hirer to secure
the carrying out of the obligations of the hirer under the agreement. A description of the security to be provided by
the hirer in relation to the agreement sufficient to identify it and a description
of the subject matter to which it relates.

Charges on default
10. All types including provisions for charges on
default. An indication of any charges
payable under the agreement to the owner upon failure by the hirer or a relative
of his to do or refrain from doing anything which he is required to do or
refrain from doing, as the case may be.
SCHEDULE 4
FORMS OF STATEMENT OF PROTECTION AND REMEDIES AVAILABLE
UNDER THE CONSUMER CREDIT ACT 1974 TO HIRERS UNDER REGULATED CONSUMER HIRE
AGREEMENTS
Regulation 3(3)

SCHEDULE 5
FORMS OF SIGNATURE BOX
PART I REGULATED CONSUMER CREDIT AGREEMENTS
Regulation 2(7)
PART II REGULATED CONSUMER HIRE AGREEMENTS
Regulation 3(6)
SCHEDULE 6
PRESCRIBED TERMS FOR THE PURPOSES OF SECTIONS 61(1)(a)
AND 127(3) OF THE CONSUMER CREDIT ACT 1974
Regulation 6(1)


TYPE OF AGREEMENT PRESCRIBED TERMS
(1)
 
(2)
Amount of credit
1.
Restricted-use debtor-creditor-supplier agreements for fixed-sum credit—
 A term stating the amount of the credit,
which may be expressed as the total cash price of the goods, services, land
or other things, the acquisition of which is to be financed by credit under
the agreement.

(a) to finance a transaction comprising the acquisition of goods,
services, land or other things specified in the agreement or identified and
agreed on at the time the agreement is made;
(b) under which the total
amount payable by the debtor is not greater than the total cash price; and


(c) under which there is no advance payment.
2. Agreements
for fixed-sum credit not falling within paragraph
1. A term
stating the amount of the credit.
Credit limit
3.
Agreements for running-account credit. 
A term stating the credit limit or the manner in which it will be determined
or that there is no credit limit.
Rate of interest
4.
Agreements for— A term stating
the rate of any interest on the credit to be provided under the agreement.


(a) running-account credit; and
(b) fixed-sum credit
falling within the exceptions in 
paragraph 9(a) to (c) of Schedule 1 to these
Regulations.
Repayments
5. Consumer
credit agreements. A term stating how
the debtor is to discharge his obligations under the agreement to make the
repayments, which may be expressed by reference to a combination of any of
the following—
 (a) number of repayments;
 
(b) amount of repayments;
 (c) frequency
and timing of repayments;
 (d) dates of repayments;
 
(e) the manner in which any of the above may be determined;
 or in any other way, and
any power of the creditor to vary what is payable.
6. Consumer hire
agreements. A term stating how the hirer
is to discharge his obligations under the agreement to pay the hire payments,
which may be expressed by reference to a combination of any of the following—

 (a) number of payments;
 (b)
amount of payments;
 (c) frequency and timing of payments;
 
(d) dates of payments;
 (e) the manner in which any
of the above may be determined;
 or in any other way, and any power of the owner to vary what is
payable.
SCHEDULE 7
PROVISIONS RELATING TO DISCLOSURE OF THE APR
Regulation 1(2)
Permissible tolerances in disclosure of the APR
1 
For the purposes of these Regulations, it shall be sufficient
compliance with the requirement to show the APR if there is included in the
document—
(a) a rate which exceeds the APR by not more
than one; or
(b) a rate which falls short of the APR by
not more than 0.1; or
(c) in a case to which any of paragraphs 2 to 5 below applies,
a rate determined in accordance with the paragraph or such of them as apply
to that case.
Tolerance where repayments are nearly equal
2 
In the case of an agreement under which all repayments but one
are equal and that one repayment does not differ from any other repayment
by more whole pence than there are repayments, there may be included in the
document a rate found under  regulation 7  of the Total Charge for Credit Regulations
as if that one repayment were equal to the other repayments.
Tolerance where interval between relevant date and
first repayment is greater than interval between repayments
3 

In the case of an agreement under which:—
(a) three or more repayments are to be made
at equal intervals; and
(b) the interval between the relevant date
and the first repayment is greater than the interval between the repayments,

there may be included in the document a rate found under
 regulation 7 
of the Total Charge for Credit Regulations as if the interval between the
relevant date and the first repayment were shortened so as to be equal to
the interval between the repayments.
Tolerance where Consumer credit tables do
not exactly apply
4 
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tolerance where period rate of charge is charged
5 
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE 8
REGULATED MODIFYING AGREEMENTS
PART I INFORMATION TO BE CONTAINED IN DOCUMENTS EMBODYING REGULATED
MODIFYING AGREEMENTS VARYING OR SUPPLEMENTING EARLIER CREDIT AGREEMENTS
Regulation 7(2)

TYPE OF MODIFYING AGREEMENT INFORMATION
(1) (2)
Nature of modifying agreement
1. All types
 (1) A heading in one of the following
forms of words shown prominently on the first page of the document—
as the case may require.
 (a)
“Agreement modifying a Hire-Purchase Agreement and regulated by the 
Consumer Credit Act 1974”;
 
(b)“Agreement modifying a Conditional Sale Agreement
and regulated by the Consumer Credit Act 1974
”; or
 (c)
“Agreement modifying a Credit Agreement and regulated by the 
Consumer Credit Act 1974”,
 (2) Where the document
and a pawn-receipt are combined, the words “, and Pawn-Receipt,”
 shall be inserted in the heading after the word “Agreement”
 in the second place that it occurs.
 (3) Where the document embodies an agreement
of which at least one part is a credit agreement not regulated by the Act,
the word “partly” shall be inserted before 
“regulated” unless the regulated and unregulated parts
of the agreement are clearly separate.
Parties
to modifying agreement
2. All types. 
(1) The name  , postal address and, where appropriate, any other address  of the creditor.
 (2) The name  , postal address and, where appropriate, any other address  of
the debtor.
FINANCIAL AND RELATED PARTICULARS
Description of goods, services, land etc. and cash price
3. Modifying agreements under which—
 (1) A list or other description of the
goods, services or other things and, in the case of land, a general description
of the land (whether or not varied or supplemented under the modifying agreement)
the acquisition of which is to be financed by credit under the modified agreement
and the cash price (whether or not so varied or supplemented) in relation
to each such list or other description:Provided that, where both the description and the cash
price of all the goods, services, land or other things the acquisition of
which was to be comprised in a transaction to be financed by the earlier agreement
are unchanged, the requirements of this paragraph may be satisfied in relation
to such goods, services, land or other things by a statement clearly indicating
that the descriptions and cash prices in the earlier agreement are unchanged.


(a) goods, services, land or other things, the acquisition of which
was to be comprised in a transaction to be financed by an earlier restricted-use
debtor-creditor-supplier agreement for fixed-sum credit and which were specified
in the earlier agreement or identified and agreed on at the time the earlier
agreement was made, are varied or supplemented; or
(b) the cash price
of goods, services, land or other things, the acquisition of which was to
be comprised in a transaction to be financed by an earlier restricted-use
debtor-creditor-supplier agreement for fixed-sum credit and which were specified
in the earlier agreement or identified and agreed on at the time the earlier
agreement was made, is varied but the goods, services, land or other things
are not varied or supplemented. (2) The
total cash price under the modified agreement.

Advance payments
4. Modifying agreements in relation to which any
advance payment is to be made by the debtor additional to any made in relation
to an earlier agreement (whether under the modifying agreement or as a condition
precedent to the making of that agreement) before he is provided with additional
credit under that agreement, or, as the case may be, before he enters into
that agreement. The amount of the additional
advance payments to be made by the debtor in relation to the modifying agreement,
and, where the modifying agreement is a cancellable agreement, the nature
of such payments.
Amount of credit
5.Modifying
agreements under which any charge included in the total charge for credit
in relation to an earlier agreement for fixed-sum credit is varied or supplemented
or under which the amount of the credit to be provided under such an earlier
agreement is varied or supplemented, except— (1) The total amount of the credit to be provided under the modified
agreement calculated as follows, namely the total amount of the capital outstanding
under the earlier agreement on the relevant date calculated in accordance
with sub-paragraph (2)
below, increased or reduced, as the case may require, by—
 (a) the amount of any additional credit to be provided
under the modifying agreement; or
(a) modifying agreements falling within 
paragraph 3 under which both— (b) the amount
of any reduction of credit to be effected under the modifying agreement.
(i) the total amount payable by the debtor
under the modified agreement is not greater than the total cash price under
that agreement; and (2) The total amount
of the capital outstanding referred to in sub-paragraph
(1) above shall be the difference between—

(ii) there is no advance
payment under the modifying agreement; (a) the total amount of the repayments outstanding
under the earlier agreement at the relevant date (whether or not due at that
date); and

(b) modifying agreements where the earlier agreement is an agreement
such as is described in Regulation 2(2)
of the Consumer Credit (Rebate on Early Settlement) Regulations
1983. 
(b) the total amount of the charges on the credit not yet accrued under the
earlier agreement calculated in accordance with 
sub-paragraph (3) below.
 (3) The total amount of the charges
on the credit not yet accrued referred to in 
sub-paragraph (2) above shall be the amount
of a notional rebate calculated in accordance with the 
Consumer Credit (Rebate on Early Settlement) Regulations 1983
as if early settlement had taken place and as if the settlement date were
the relevant date disregarding any deferment of the settlement date under 
Regulation 5 of those Regulations.
6.
Modifying agreements both under which the amount of the credit to be provided
under an earlier agreement for fixed-sum credit is varied or supplemented
and where the earlier agreement is an agreement such as is described in 
Regulation 2(2) of the Consumer Credit
(Rebate on Early Settlement) Regulations 1983.
 The total amount of the credit to be
provided under the modified agreement calculated as follows, namely the total
of—
 (a)
the balance of the credit outstanding under the earlier agreement at the relevant
date;
 (b) any charges thereon (included in the total charge
for credit in relation to the credit to be provided under the earlier agreement)
due and unpaid at the relevant date; and
 (c) the amount
of any additional credit to be provided under the modifying agreement.
Credit limit
7.
Modifying agreements under which the provisions relating to any credit limit
under an earlier agreement for running-account credit are varied, including
a change to or from there being no credit limit. The varied credit limit under the modified agreement expressed
as—
 (a) a sum of money;
 (b) a
statement that the credit limit will be determined by the creditor from time
to time under that agreement and that notice of it will be given by him to
the debtor;
 (c) a sum of money together with a statement that
the creditor may vary the credit limit to such sum as he may from time to
time determine under that agreement and that notice of it will be given by
him to the debtor; or
 (d) in a case not falling within
head (a), (b)
or (c) above, either a statement indicating
the manner in which the credit limit will be determined and that notice of
it will be given by the creditor to the debtor or a statement indicating that
there is no credit limit.
Total charge for credit,
rate of interest, etc.
8. Modifying agreements under which any charge included
in the total charge for credit in relation to an earlier agreement for fixed-sum
credit is varied or supplemented, except modifying agreements— The total charge for credit (with or without a list
of its constituent parts) in relation to the credit to be provided under the
modified agreement.
(a) which do not specify either the intervals between
repayments under the modified agreement or the amounts of repayments or both
the intervals and the amounts;
(b) under which the total amount payable by the debtor
under the modified agreement to discharge his indebtedness in respect of the
amount of credit provided may vary according to any formula specified in such
agreement having effect by reference to movements in the level of any index
or to any other factor;
(c) which provide for a variation of, or permit the
creditor to vary, (whether or not by reference to any index) the amount or
rate of any item included in the total charge for credit in relation to the
modified agreement after the relevant date; or
(d) under which the total
amount payable by the debtor under the modified agreement is not greater than
the total cash price under that agreement.
9. Modifying agreements
under which—
(a)
any charge included in the total charge for credit in relation to an earlier
agreement for fixed-sum credit is varied or supplemented and which fall within
the exceptions in paragraph 8(a)
to (c); or 
(1) The varied or supplemented rate of any interest on the credit to be provided
under the modified agreement or a statement that the rate of interest under
the earlier agreement is unchanged.
(b) the rate of interest or
any other charge included in the total charge for credit in relation to an
earlier agreement for running-account credit is varied or supplemented. (2) The total amount of other charges included in
the total charge for credit in relation to the credit to be provided under
the modified agreement, except that, where any such charge cannot be stated
as an amount, the rate of the charge or the formula in accordance with which
it may be calculated and the total amount of the other such charges shall
be shown separately.
Total amount payable
10. Modifying agreements falling within 
paragraph 8. 
The total amount payable under the modified agreement, being the total of
any amounts to be shown under paragraphs 4, 
5 or 6, and 
8 above.
Timing of
repayments
11. Modifying agreements under which— The timing of repayments to be made under the modified
agreement expressed by reference to one or more of the following—
(i) the amount of the credit to be provided under an earlier
agreement for fixed-sum credit is varied or supplemented; (a) the dates on which
each repayment is to be made;

(ii) the repayment provisions of an earlier agreement for fixed-sum or for
running-account credit are varied or supplemented; or (b) the frequency and
number of the repayments and the date of the first repayment or a statement
indicating the manner in which that date will be determined;
(iii) any charge included in the total charge
for credit in relation to an earlier agreement for fixed-sum or for running-account
credit is varied or supplemented. (c) a statement indicating the manner in which the
dates of the repayments will be determined.
Amount of repayments
12. Modifying agreements
falling within paragraph 11
but not falling within paragraph 13.
 The amount of each repayment to be made
under the modified agreement expressed as—
 (a)
a sum of money;
 (b) a specified proportion of a specified amount
(including the amount outstanding from time to time);
 (c)
a combination of heads (a) and (b) above; or
 (d) in a case
where the amount of any repayment cannot be expressed in accordance with head (a), (b) or (c) above, a statement indicating the manner in which
the amount will be determined.
13. Modifying agreements falling within 
paragraph 11 where— The amount of each repayment to be made under the modified
agreement (with or without the equivalent repayment after deduction of tax
in accordance with section 26
of, and Schedule 7 to, the 
Finance Act 1982) expressed as—
(i) the credit to be provided under the modified
agreement is repayable by two or more instalments; and (a) a sum of money;
(ii) the interest on such credit is of a type
to which section 26 of, and 
Schedule 7 to, the Finance Act 1982
 apply. (b) a
specified proportion of a specified amount (including the amount outstanding
from time to time);
 (c) a combination of heads 
(a) and (b) above; or
 
(d) in a case where the amount of any repayment cannot be expressed
in accordance with head (a), (b) or (c) above,
a statement indicating the manner in which the amount will be determined:

 Provided that, where the amounts to be paid by the debtor
after deduction of tax in accordance with section
26 of, and Schedule 7
to, the Finance Act 1982
are the same, the requirements of this paragraph may be satisfied by a statement
indicating the lowest and highest amounts of the repayments to be made under
the modified agreement before deduction of tax.
APR
14. Modifying agreements under which— The APR in relation to the modified agreement or
a statement indicating that the total amount payable under the modified agreement
is not greater than the total cash price of the goods, services, land or other
things, the acquisition of which is to be financed by credit under that agreement.


(a) the amount of the credit to be provided under an earlier agreement
for fixed-sum credit is varied or supplemented;
(b) the repayment
provisions of such an agreement are varied or supplemented; or
(c) any charge included in the total charge for credit
in relation to such an agreement is varied or supplemented.

15. Modifying agreements not falling within 
paragraph 16 under which— The APR in relation to the modified
agreement.

(a) the provisions relating to any credit limit under an earlier
agreement for running-account credit are varied, including a change to or
from there being no credit limit;
(b) the repayment provisions of such an agreement
are varied or supplemented; or
(c) any charge included in the total charge for credit
in relation to such an agreement is varied or supplemented.
16.(a) Modifying agreements under which—(a) above are that— (1) The APR in relation to the modified agreement
calculated on the assumptions specified in sub-paragraphs
(2) and (3)
below.
(i) the provisions
relating to the credit limit under an earlier debtor-creditor-supplier agreement
for running-account credit which fulfils all the criteria in 
sub-paragraph (b) below are varied; (2) The first assumption referred to in 
sub-paragraph (1) above is the assumption that—

(ii) the repayment provisions
of such an agreement are varied or supplemented; or (a) the debtor is provided with
an amount of credit at the date of the making of the modifying agreement which,
taken with the amount of the charge for that credit ascertained at that date
under the provisions of the modified agreement, is equal to the credit limit
under the modified agreement; and

(iii) any charge included in the total charge for credit in relation to such
an agreement is varied or supplemented. (b) the debtor repays the sum of the amounts referred
to in head (a) above by payments of the
amounts specified in the modified agreement on the occasions specified in
that agreement and makes no other payment and obtains no further credit in
relation to the account.
(b) The criteria referred to in sub-paragraph
(i) the debtor agrees to pay the creditor
an amount specified in the agreement on specified occasions;
(ii) there is a credit limit; and
(iii) charges for credit are either—
(aa) a fixed amount in respect of each transaction;
or(bb) calculated as a proportion of the price payable
under a transaction financed by the credit. 
(3) The second assumption referred to in sub-paragraph
(1) above is the like assumption as in 
sub-paragraph (2) above save that the sum of
the amounts referred to in head (a) thereof
shall be taken to be one third of the credit limit under the modified agreement.


17. Modifying agreements which are required under 
paragraph 14, 15
or 16 to disclose an APR
in relation to the modified agreement and where the APR is based on a total
charge for credit which is calculated to take account of relief available
under section 19 of the 
Income and Corporation Taxes Act 1970 and 
Schedule 4 to the Finance Act 1976
. A statement
indicating that it has been assumed in the calculation of the APR in relation
to the modified agreement that relief may be available under 
section 19 of the Income and Corporation
Taxes Act 1970 and 
Schedule 4 to the Finance Act 1976
 in respect of premiums under certain policies
of insurance without any deduction under section
21 of the said Act of 1970.

Variable rates or items
18. Modifying agreements which are required under 
paragraph 14, 15
or 16 to disclose an APR
in relation to the modified agreement and under which the rate or amount of
any item included in the total charge for credit in relation to the modified
agreement will or may be varied (other than a variation in consequence of
an event which is certain to occur). 
A statement indicating that in calculating the APR in relation to the credit
to be provided under the modified agreement no account has been taken of any
variation which may occur under that agreement of the rate or amount of any
item entering into that calculation.
19. Modifying agreements falling
within paragraph 18.
 A statement indicating the circumstances
in which any variation referred to in paragraph
18 above may occur and, where that information
is ascertainable at the time at which the document referred to in 
section 61(1) of the Act is presented or sent
to the debtor for signature, the time at which any such variation may occur.

19A. Modifying agreements which are required under paragraph 14, 15 or 16 to disclose an APR in relation to the modified agreement and under which the provisions of an earlier agreement are varied or supplemented with the result that the modified agreement is an agreement to which regulation 15A of the Total Charge for Credit Regulations applies.
                         
                          The initial standard variable rate (within the meaning of regulation 15A(2) of the Total Charge for Credit Regulations) in relation to the modified agreement, together with a statement explaining–
                          (a) what that rate is; and(b) that it has been taken into account in calculating the APR in relation to the modified agreement.
OTHER INFORMATION

Security provided by the debtor
20. Modifying agreements
(to which section 114
of the Act applies) under which an article taken in pawn by any person under
an earlier agreement is varied or supplemented and where no separate pawn-receipt
is given. A statement indicating that
an article has been taken in pawn under the modified agreement and a description
of the article, unless unchanged from that in the earlier agreement, sufficient
to identify it.
21. Modifying agreements (except those referred to
in paragraph 20)
under which—
(a) any provisions for security provided by the debtor
in relation to an earlier agreement to secure the carrying out of the obligations
of the debtor under the earlier agreement are varied (including a variation
to or from there being no security provided by the debtor); or A description of the new, additional or varied security
to be provided by the debtor in relation to the modified agreement and of
the subject matter to which it relates, sufficient to identify the new, additional
or varied security, or a statement indicating that the debtor is no longer
providing any security in relation to that agreement.
(b) new or
additional security is to be provided by the debtor.

Charges on default
22. Modifying agreements under which any provisions
for charges on default under an earlier agreement are varied, including a
variation to or from there being no such charges. An indication of any charges payable under the modified agreement
to the creditor upon failure by the debtor or a relative of his to do or refrain
from doing anything which he is required to do or refrain from doing, as the
case may be, or a statement indicating that no such charges are payable under
that agreement.
PART II INFORMATION TO BE CONTAINED IN DOCUMENTS EMBODYING REGULATED
MODIFYING AGREEMENTS VARYING OR SUPPLEMENTING EARLIER HIRE AGREEMENTS
Regulation 7(9)

TYPE OF MODIFYING AGREEMENT
 INFORMATION
(1) (2)
Nature of modifying agreement
1. All types.
 A heading in the following form of words
shown prominently on the first page of the document—
“Agreement modifying a Hire Agreement  and regulated by the 
Consumer Credit Act 1974”.
Parties to modifying agreement
2. All types.
 (1) The name  , postal address and, where appropriate, any other address  of
the owner.
 (2) The name  , postal address and, where appropriate, any other address  of the hirer.
FINANCIAL AND RELATED
PARTICULARS
Description of goods
3.
Modifying agreements under which—
(a) goods to be bailed or hired
under an earlier agreement are varied or supplemented; or
(b) any provision
of an earlier agreement relating to advance, hire or other payments is varied
but the goods to be bailed or hired under the earlier agreement are not varied
or supplemented. A list or other description
of the goods to be bailed or hired under the modified agreement (whether or
not varied or supplemented under the modifying agreement):Provided that, where the description of all the goods
to be bailed or hired under the earlier agreement is unchanged, the requirements
of this paragraph may be satisfied in relation to such goods by a statement
clearly indicating that the descriptions in the earlier agreement are unchanged.

Advance payments
4.
Modifying agreements in relation to which any advance payment is to be made
by the hirer additional to any made in relation to an earlier agreement (whether
under the modifying agreement or as a condition precedent to the making of
that agreement) before he is to take possession of any additional goods to
be bailed or hired under that agreement or, as the case may be, before he
enters into that agreement. The amount
of the additional advance payments to be made by the hirer in relation to
the modifying agreement, and, where the modifying agreement is a cancellable
agreement, the nature of such payments.
Hire payments


5. Modifying agreements under which any provisions of an earlier
agreement relating to hire payments, other than advance payments, are varied
or supplemented. (1) The amount of each
hire payment (other than an advance payment) to be made by the hirer under
the modified agreement in relation to any period on or after the date of the
modifying agreement.
 (2) The timing of such payments expressed by reference to one or
more of the following—
 (a) the dates on which each
payment is to be made;
 (b) the frequency and number
of the payments and the date of the first payment or a statement indicating
the manner in which that date will be determined;
 (c)
a statement indicating the manner in which the dates of the payments will
be determined.
Other payments
6. Modifying
agreements under which any provisions of an earlier agreement relating to
payments other than advance payments and hire payments are varied or supplemented,
including a change to or from there being no such other payments. (1) The amount (or a statement indicating the manner
in which the amount will be determined) of each of the following descriptions
of payments (not being an advance payment or a hire payment) to be made under
the modified agreement by, or on behalf of, the hirer, or a relative of his,
to the owner in relation to any period on or after the date of the modifying
agreement, that is to say,—
 (a) any payment under arrangements
for the installation, care, maintenance or protection of any goods;
 
(b) any premium under a contract of insurance; or
 (c) any payment
payable on termination of the modified agreement (other than a payment on
default to be shown under paragraph 10
below).
 (2)
The timing of such payments to be made under the modified agreement expressed
by reference to one or more of the following—
 (a)
the dates on which each payment is to be made;
 (b) the
frequency and number of the payments and the date of the first payment or
a statement indicating the manner in which that date will be determined; or

 (c) a statement indicating the manner in which the
dates of the payments will be determined.
 (3) References in this paragraph to the owner include
references to his near relative, his partner and a member of a group of which
he is a member, to any person nominated by him or by any such person in relation
to the arrangements, the contract of insurance or the termination of the modified
agreement, and to a near relative of his partner; and 
“near relative” means , in
relation to any person, the husband, wife, father, mother, brother, sister,
son or daughter of that person and 
“group” means the person
(including a company) having control of a company together with all the companies
directly or indirectly controlled by him.

Variable payments
7.
Modifying agreements including provisions for variation of hire or other payments,
where the amount of any such payment following any variation cannot be ascertained
at the time of the making of the modifying agreement. (1) Subject to sub-paragraph
(2) below, a statement indicating the circumstances
in which any hire payment to be shown under 
paragraph 5 above or any other payment to be
shown under paragraph 6
may be varied under the modified agreement and, where that information is
ascertainable at the time at which the document referred to in 
section 61(1) of the Act is presented or sent
to the hirer for signature, the time at which any such variation may occur.

 (2) 
Sub-paragraph (1) above does not apply to a
variation under the modified agreement which takes account only of a change
in value added tax.
 
(3) References in sub-paragraph (2)
above to a change in value added tax include references to a change to or
from no tax being charged.
Duration of hire
8.
Modifying agreements under which— 
A statement indicating that goods are to be bailed or hired under the modified
agreement for a fixed period or a minimum period, as the case may be, and
the duration of that period.
(a) additional goods are to be bailed or hired for
a fixed period or a minimum period; or
(b) any provisions of an earlier
agreement that goods are to be bailed or hired for a fixed period or a minimum
period are varied, including a variation to or from there being no such fixed
or minimum period.
OTHER INFORMATION
Security provided by the hirer
9. Modifying
agreements under which— 
(a) any provisions for
security provided by the hirer in relation to an earlier agreement to secure
the carrying out of the obligations of the hirer under the earlier agreement
are varied (including a variation to or from there being no security provided
by the hirer); or A description of the
new, additional or varied security to be provided by the hirer in relation
to the modified agreement and of the subject matter to which it relates, sufficient
to identify the new, additional or varied security, or a statement indicating
that the hirer is no longer providing any security in relation to that agreement.


(b) new or additional security is to be provided by the hirer.

Charges on default
10. Modifying agreements
under which any provisions for charges on default under an earlier agreement
are varied, including a variation to or from there being no such charges.
 An indication of any charges payable
under the modified agreement to the owner upon failure by the hirer or a relative
of his to do or refrain from doing anything which he is required to do or
refrain from doing, as the case may be, or a statement indicating that no
such charges are payable under that agreement.