When Are Goods On A Regulated Finance Agreement Classed As Protected

This practical note sets out what is meant by the terms `credit` and `regulated credit agreement`, as well as the types of credit agreements which are `regulated credit agreements` and therefore fall within the scope of their regulation. Regulated consumer leases are not taken into account. Article 61 regulates the formalities required for a regulated agreement. The terms must be found in a signed and legible document, a copy of the unsigned agreement must be provided to the debtor or tenant, a copy of the signed document must be provided to the debtor or tenant, and a notice informing the debtor or tenant of his or her rights of withdrawal must be attached to the signed and unsigned copies. .

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