Propose a change

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

58 Opportunity for withdrawal from prospective land mortgage.

(1) Before sending to the debtor or hirer, for his signature, an unexecuted agreement in a case where the prospective regulated agreement is to be secured on land (the “mortgaged land ”), the creditor or owner shall give the debtor or hirer a copy of the unexecuted agreement which contains a notice in the prescribed form indicating the right of the debtor or hirer to withdraw from the prospective agreement, and how and when the right is exercisable, together with a copy of any other document referred to in the unexecuted agreement. (2) Subsection (1) does not apply to— (a) a restricted-use credit agreement to finance the purchase of the mortgaged land, or (b) an agreement for a bridging loan in connection with the purchase of the mortgaged land or other land.

Your change, as a redline

58 Opportunity for withdrawal from prospective land mortgage.

(1) Before sending to the debtor or hirer, for his signature, an unexecuted agreement in a case where the prospective regulated agreement is to be secured on land (the “mortgaged land ”), the creditor or owner shall give the debtor or hirer a copy of the unexecuted agreement which contains a notice in the prescribed form indicating the right of the debtor or hirer to withdraw from the prospective agreement, and how and when the right is exercisable, together with a copy of any other document referred to in the unexecuted agreement. (2) Subsection (1) does not apply to— (a) a restricted-use credit agreement to finance the purchase of the mortgaged land, or (b) an agreement for a bridging loan in connection with the purchase of the mortgaged land or other land.

One line that says what changes, such as "Halve the dog tax".

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

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Questions to start with
Think it through
Legal information from the published text, not advice for your case. Check the sources. Find a law · What the register holds