Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022
Amendment of Central Bank (Supervision and Enforcement) Act 2013 | ||
17. The Central Bank (Supervision and Enforcement) Act 2013 is amended, in section 3— | ||
(a) in subsection (1), in the definition of “customer”— | ||
(i) in paragraph (b), by the substitution of “financial service provider,” for “financial service provider, or”, | ||
(ii) in paragraph (c), by the substitution of “credit agreement concerned, or” for “credit agreement concerned,”, and | ||
(iii) by the insertion of the following paragraph after paragraph (c): | ||
“(d) a hirer in a case where the regulated financial service provider undertakes credit servicing in respect of the consumer-hire agreement or hire-purchase agreement concerned,”, | ||
and | ||
(b) by the substitution of the following subsection for subsection (1A): | ||
“(1A) For the purposes of the definition of ‘customer’ in subsection (1)‘relevant borrower’, ‘credit servicing’, ‘credit agreement’, ‘consumer-hire agreement’, ‘hire-purchase agreement’ and ‘hirer’ have the same meaning as in Part V of the Central Bank Act 1997 .”. |