Consumer Protection (Regulation of Credit Servicing Firms) Act 2015

Amendment of section 3 of Consumer Credit Act 1995 (application)

8. Section 3 of the Consumer Credit Act 1995 is amended in subsection (2) (a) by inserting the following after subparagraph (ii):

“except where the interest of the credit union or registered society in all or any part of the credit concerned has been directly or indirectly assigned or otherwise disposed of to any person that is not a credit union or registered society,”.