Consumer Credit Act Sample Clauses
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Consumer Credit Act. 13.1 In the case of a Property Loan only, the Borrower has prior to the date of this Loan Agreement made one of the following declarations as set out in the Loan Terms:
(a) The Borrower has declared their high net worth by signing a high net worth declaration in the agreed form and has prior to the date of this Loan Agreement delivered to the Arranger a high net worth statement in the agreed form. Accordingly the Borrower agrees and acknowledges that this Agreement is not a regulated agreement under the CCA and the Borrower will not be afforded the protections that they would otherwise have had under the CCA;
(b) The Borrower has made a declaration for exemption relating to investment properties by signing a declaration in the agreed form. Accordingly the Borrower agrees and acknowledges that this Loan Agreement is not a regulated agreement under the CCA and the Borrower will not be afforded the protections that they would otherwise have had under the CCA; or
(c) The Borrower has prior to the date of this Loan Agreement made a declaration for exemption relating to businesses by signing a declaration in the agreed form. Accordingly the Borrower agrees and acknowledges that this Loan Agreement is not a regulated agreement under the CCA and the Borrower will not be afforded the protections that they would otherwise have had under the CCA.
Consumer Credit Act. If You are a company or a partnership consisting of four or more persons, You will not benefit from protections under the CCA or the Consumer Credit Sourcebook of the Financial Conduct Authority.
Consumer Credit Act. Pursuant to Article 4(1)(b) of the Consumer Credit (Exempt Agreements) Order 1989/869 (“the Order”) as amended from time to time, this Agreement for Assisted Car Purchase is not subject to the Consumer Credit Act 1974 on the ground that it is a debtor-creditor agreement which is of a type offered to a particular class of individuals and not offered to the public generally, is offered incident to the Officer’s employment with the Council and the interest rate does not exceed the highest base rate of certain banks specified in the Order plus one per cent.
Consumer Credit Act. In the majority of cases a Deferred Payment Agreement will only be offered against your former main or only home, in some cases the Council may choose to apply its discretion whereby a loan is agreed and secured against another form of asset, such as land. In both circumstances, the agreement is exempt from the Consumer Credit Act as per Article 72G(4) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, where both types of Deferred Payment Agreements (secured, and not secured, on land) are to be supplied by a Local Authority and fall within one of the definitions contained in Article 2(2) of European Council Directive 2008/48/EC. Worcestershire County Council supports the objectives of the Data Protection Act 1998 and is registered as a data controller. Information that you provide will be governed by the requirements of the Data Protection Act 1998 and may be processed by the Council in the performance of its statutory duties or for purposes required by law. More information is available at www. ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇ Appendix 1 CAPITAL LIMITS Figures set by Government from April 2017 – March 2018. These figures will change as of April 2016. Upper Capital Limit £23,250.00 Lower Capital Limit £14,250.00 PROVISIONAL CHARGE 64 years and over Under 64 years £134.45 per week £80.45 per week ADMINISTRATION FEES Initial Set up Fee: £620.00 if the property is registered with Land Registry £630.00 if the property is unregistered Annual Fee: £140.00 per year for the duration of the agreement CURRENT INTEREST RATE