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Consumer Credit Act 1974

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

145 Types of ancillary credit business.

(1) An ancillary credit business is any business so far as it comprises or relates to— (a) credit brokerage, (b) debt-adjusting, (c) debt-counselling, (d) debt-collecting, (da) debt administration, (db) the provision of credit information services, or (e) the operation of a credit reference agency. (2) “Credit brokerage” means the carrying on of an activity of the kind specified by article 36A(1)(a) to (c) of the Regulated Activities Order (credit broking), disregarding the effect of paragraph (2) of that article. (5) “Debt adjusting” means the carrying on of an activity of the kind specified by article 39D of that Order (debt adjusting). (6) “Debt-counselling” means the carrying on of an activity of the kind specified by article 39E of that Order (debt-counselling). (7) “Debt-collecting” means the carrying on of an activity of the kind specified by article 39F of that Order (debt-collecting). (7A) “Debt administration” means the carrying on of an activity of the kind specified by article 39G of that Order (debt administration), disregarding the effect of paragraph (3) of that article. (7B) A person (“P”) provides credit information services if P carries on, by way of business, an activity of the kind specified by article 89A(1) or (2) of that Order (providing credit information services). (8) A person (“P”) operates a credit reference agency if P carries on, by way of business, an activity of the kind specified by article 89B of that Order (providing credit references).

Your change, as a redline

145 Types of ancillary credit business.

(1) An ancillary credit business is any business so far as it comprises or relates to— (a) credit brokerage, (b) debt-adjusting, (c) debt-counselling, (d) debt-collecting, (da) debt administration, (db) the provision of credit information services, or (e) the operation of a credit reference agency. (2) “Credit brokerage” means the carrying on of an activity of the kind specified by article 36A(1)(a) to (c) of the Regulated Activities Order (credit broking), disregarding the effect of paragraph (2) of that article. (5) “Debt adjusting” means the carrying on of an activity of the kind specified by article 39D of that Order (debt adjusting). (6) “Debt-counselling” means the carrying on of an activity of the kind specified by article 39E of that Order (debt-counselling). (7) “Debt-collecting” means the carrying on of an activity of the kind specified by article 39F of that Order (debt-collecting). (7A) “Debt administration” means the carrying on of an activity of the kind specified by article 39G of that Order (debt administration), disregarding the effect of paragraph (3) of that article. (7B) A person (“P”) provides credit information services if P carries on, by way of business, an activity of the kind specified by article 89A(1) or (2) of that Order (providing credit information services). (8) A person (“P”) operates a credit reference agency if P carries on, by way of business, an activity of the kind specified by article 89B of that Order (providing credit references).

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Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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