s 7
In forceCredit contracts deemed to be regulated contracts
Part IPreliminary
7 Credit contracts deemed to be regulated contracts
Where it is alleged in any proceeding under this Act or in any other proceeding in respect of a matter arising under this Act that—
(a)
a credit sale contract or a loan contract is a credit sale contract or loan contract to which Part III applies; or
(b)
a continuing credit contract is a continuing credit contract to which Part III applies—
it shall be presumed, unless the contrary is established, that Part III applies to the credit sale contract or loan contract or that Part III applies to the continuing credit contract.
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