The Consumer Credit Act 1974 (Commencement No. 5) Order 1979

• Citation: S.I. 1979/1685
• Sections: 3

Section 1

(1) This Order may be cited as the Consumer Credit Act 1974 (Commencement No. 5) Order 1979.

(2) In this Order, “ the Act ” means the Consumer Credit Act 1974.

Section 2

(1) Subject to Article 3 of this Order, the repeals specified in Schedule 5 to the Act which are set out in Parts I and III of the Schedule to this Order shall come into operation on 27th January 1980 (hereinafter referred to as “ the appointed day ”) in relation to agreements made on or after that day which are not consumer credit agreements.

(2) The repeals specified in Schedule 5 to the Act which are set out in Parts II and IV of the Schedule to this Order shall come into operation on the appointed day and shall have effect subject to the limitations there specified.

Section 3

Nothing in Article 2(1) shall affect any agreement made with, or any loan made by or security taken by, a moneylender within the meaning of the Acts set out in the Schedule to this Order, before the appointed day.