Credit Act 1984

The amendments made to Schedules 2, 4 and 7 by the Credit (Further Amendment) Act 1991 apply to regulated contracts entered into before as well as after the commencement of section 13 of that Act.

A debtor who, before that commencement, was not liable (because of section 42, section 67 or any other provision of this Act) to pay to the credit provider any credit charge under a contract, but becomes so liable (because of subsection (1)) is taken always to have been liable to pay that charge.

This section does not apply to any liability to pay any credit charge which has been determined by the Tribunal before the commencement of section 11 of the Credit (Further Amendment) Act 1991.

A regulation under section 123 which prescribes the term "consumer credit insurance" to describe the insurance referred to in clause 1(e)(iv) of Schedule 2, clause 1(b)(iii) of Schedule 4 or clause 1(k)(iii) of Schedule 7 is taken to authorise (and always to have authorised) the use of that term to describe that insurance even though it included insurance against unemployment.

A regulation under section 123 which prescribes the term "unemployment insurance" to describe the insurance referred to in clause 1(e)(vi) of Schedule 2, clause 1(b)(v) of Schedule 4 or clause 1(k)(v) of Schedule 7 (as in force before the repeal of those provisions) is taken to authorise (and always to have authorised) the use of that term to describe insurance against unemployment of the debtor despite the repeal of those provisions.