Remedy
Start free

Section 17: Small agreements.

Consumer Credit Act 1974 · 1974 c. 39View on legislation.gov.uk

Part II: Credit Agreements, Hire Agreements and Linked Transactions

A small agreement is—

A regulated consumer credit agreement for credit not exceeding £50, other than a hire-purchase or conditional sale agreement: ora regulated consumer credit agreement for credit not exceeding £50, other than—ia hire-purchase agreement,iia conditional sale agreement, oriiia regulated deferred payment credit agreement; or
a regulated consumer hire agreement which does not require the hirer to make payments exceeding £50,

being an agreement which is either unsecured or secured by a guarantee or indemnity only (whether or not the guarantee or indemnity is itself secured).

For the purposes of paragraph (a) of subsection (1), running-account credit shall be taken not to exceed the amount specified in that paragraph if the credit limit does not exceed that amount.

Where—

two or more small agreements are made at or about the same time between the same parties, and
it appears probable that they would instead have been made as a single agreement but for the desire to avoid the operation of provisions of this Act which would have applied to that single agreement but, apart from this subsection, are not applicable to the small agreements,

this Act applies to the small agreements as if they were regulated agreements other than small agreements.

If, apart from this subsection, subsection (3) does not apply to any agreements but would apply if, for any party or parties to any of the agreements, there were substituted an associate of that party, or associates of each of those parties, as the case may be, then subsection (3) shall apply to the agreements.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

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