Section 124: Consequences of breach of s. 123.

Consumer Credit Act 1974 · 1974 c.39

Part VIII: Security

124(1)

After any contravention of section 123 has occurred in relation to a sum payable as mentioned in section 123(1)(a), the agreement under which the sum is payable is enforceable against the debtor or hirer on an order of the court only.

124(2)

After any contravention of section 123 has occurred in relation to a sum payable by any surety, the security is enforceable on an order of the court only.

124(3)

Where an application for an order under subsection (2) is dismissed (except on technical grounds only) section 106 shall apply to the security.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.