The Consumer Credit (Credit-Token Agreements) Regulations 1983

• Citation: S.I. 1983/1555
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Consumer Credit (Credit-Token Agreements) Regulations 1983 and shall come into operation on 19th May 1985.

(2) In these Regulations, “ the Act ” means the Consumer Credit Act 1974.

Section 2 Misuse of credit-tokens

For the purposes of section 84(4) of the Act, particulars of the name, address and telephone number of a person stated to be the person to whom notice is to be given under section 84(3) (of loss, theft or liability to misuse of a credit-token) shall be contained in the credit-token agreement prominently and so as to be easily legible.

Section 3 Old agreements

Regulation 2 above shall have effect in relation to agreements made before 19th May 1985 where the agreement would have been a credit-token agreement if made on that date, as if the words “prominently and” were omitted.