The Consumer Credit (Notice of Variation of Agreements) (Amendment) Regulations 1979

• Citation: S.I. 1979/661
• Sections: 2

Section 1

These Regulations may be cited as the Consumer Credit (Notice of Variation of Agreements) (Amendment) Regulations 1979 and shall come into operation on 18th June 1979.

Section 2

The Consumer Credit (Notice of Variation of Agreements) Regulations 1977 are hereby amended by the addition after regulation 3 of the following article—

(4)

(1) This regulation applies to a variation of a regulated consumer hire agreement where the variation is a variation of the amount of any sum payable under the agreement and—

(a) is of no greater amount than any increase in the amount of value added tax chargeable on the supply to which the payment relates, or

(b) is of the amount of any decrease in that amount of value added tax.

(2) In the case of a variation to which this regulation applies, the requirements of regulation 2(b) above shall be treated as satisfied where, before the variation takes effect,—

(a) the notice of variation is served on the hirer; or

(b) the notice of variation is prominently displayed so that it may easily be read in the part of the premises of the owner where the debtor or a person on his behalf ordinarily makes payments under the agreement in person.