Status: You are viewing the version of the handbook as on 2009-03-31.

regulated consumer hire agreement

    20247in accordance with section 15 of the Consumer Credit Act 1974 (as amended) an agreement made by a person with an individual "the hirer" for the bailment or (in Scotland) the hiring of goods to the hirer, being an agreement which

      1. (a) is not a hire-purchase agreement, and
      1. (b) is capable of subsisting for more than three months, and
      1. (c) is not an exempt agreement;

    and expressions used in that Act have the same meaning in this definition.