Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022

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Number 5 of 2022


Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022


CONTENTS

Section

1. Definitions

2. Amendment of section 28 of Act of 1997

3. Amendment of section 29 of Act of 1997

4. Amendment of section 29A of Act of 1997

5. Further transitional provision for existing retail credit firms

6. Amendment of section 34FA of Act of 1997

7. Further transitional provision for existing credit servicing firms

8. Amendment of section 34G of Act of 1997

9. Collection and publication of information on relevant agreements

10. Amendment of section 2 of Act of 1995

11. Amendment of section 3 of Act of 1995

12. Amendment of section 9 of Act of 1995

13. Amendment of section 12 of Act of 1995

14. Insertion of Part IIA in Act of 1995

15. Amendment of section 58 of Act of 1995

16. Amendment of Schedule 5 to Social Welfare Consolidation Act 2005

17. Amendment of Central Bank (Supervision and Enforcement) Act 2013

18. Amendment of Financial Services and Pensions Ombudsman Act 2017

19. Short title and commencement


Acts Referred to

Central Bank (Supervision and Enforcement) Act 2013 (No. 26)

Central Bank Act 1997 (No. 8)

Consumer Credit Act 1995 (No. 24)

Financial Services and Pensions Ombudsman Act 2017 (No. 22)

National Asset Management Agency Act 2009 (No. 34)

Social Welfare Consolidation Act 2005 (No. 26)

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Number 5 of 2022


CONSUMER PROTECTION (REGULATION OF RETAIL CREDIT AND CREDIT SERVICING FIRMS) ACT 2022


An Act to provide for the extension of authorisation requirements to persons carrying on hire-purchase or consumer-hire business or providing credit indirectly and persons carrying on business relating to hire-purchase or consumer-hire agreements or the indirect provision of credit; to provide for the collection and publication of information on credit agreements, hire-purchase agreements and consumer-hire agreements; for those and other purposes to amend the Central Bank Act 1997 ; to provide for a limit on the interest rate that consumers may be charged under credit agreements and hire-purchase agreements; to provide for a requirement to include the annual percentage rate in a hire-purchase agreement; for those and other purposes to amend the Consumer Credit Act 1995 and to provide for related matters.

[11th April, 2022]

Be it enacted by the Oireachtas as follows: