The court may make an order under section 140B in connection with a credit agreement if it determines that the relationship between the creditor and the debtor arising out of the agreement (or the agreement taken with any related agreement) is unfair to the debtor because of one or more of the following—
In deciding whether to make a determination under this section the court shall have regard to all matters it thinks relevant (including matters relating to the creditor and matters relating to the debtor).
For the purposes of this section the court shall (except to the extent that it is not appropriate to do so) treat anything done (or not done) by, or on behalf of, or in relation to, an associate or a former associate of the creditor as if done (or not done) by, or on behalf of, or in relation to, the creditor.
A determination may be made under this section in relation to a relationship notwithstanding that the relationship may have ended.
An order under section 140B shall not be made in connection with a credit agreement which is an exempt agreement for the purposes of Chapter 14A of Part 2 of the Regulated Activities Order by virtue of article 60C(2) of that Order (regulated mortgage contracts and regulated home purchase plans) .
An order under section 140B shall not be made in connection with a credit agreement entered into under the Bounce Back Loan Scheme.
In subsection (6) "the Bounce Back Loan Scheme" means the scheme of that name operated from 4 May 2020 by the British Business Bank plc on behalf of the Secretary of State.