The owner under a regulated consumer hire agreement in relation to which security is provided, within the prescribed period after receiving a request in writing to that effect from the surety and payment of a fee of £1, shall give to the surety (if a different person from the hirer)—
Subsection (1) does not apply to—
If the owner under an agreement fails to comply with subsection (1)—
This section does not apply to a non-commercial agreement.