Hello,
I have been reading on a forum and come across a message which suggests either two paragraphs in the Consumer Credit Act 1974 contradict each other OR (more likely) I am misinterpreting it. (Or the OP has it wrong).
Either way, is someone here able to explain?
The post in question is below and is referring to the obligation of a lender to send the debtor on request a copy of their original executed consumer credit agreement together with associated terms and conditions and a statement of account etc. However, what I cant work out is whether or not they (the lender) are obliged to send a signed agreement or an unsigned agreement.
"a request under s77-78 wouldn't have to be signed by the debtor although under s127 the agreement would be unenforceable if it is not signed. swings and roundabouts! "
The thread can be found here
Thanks for any clarification.