Where, under a power contained in a regulated agreement, the creditor or owner varies the agreement, the variation shall not take effect before notice of it is given to the debtor or hirer in the prescribed manner.
Subsection (1) does not apply to a variation in the rate of interest charged under an agreement not secured on land (see section 78A).
Subsection (1) does not apply to a variation in the rate of interest charged under an agreement secured on land if—
Subsection (1) does not apply to a variation in any other charge under an agreement if—
The agreements referred to in subsections (1B) and (1C) are—
Subsection (1) does not apply to a debtor-creditor agreement arising where the holder of a current account overdraws on the account without a pre-arranged overdraft or exceeds a pre-arranged overdraft limit.
Where an agreement (a "modifying agreement ") varies or supplements an earlier agreement, the modifying agreement shall for the purposes of this Act be treated as—
and obligations outstanding in relation to the earlier agreement shall accordingly be treated as outstanding instead in relation to the modifying agreement.
Subsection (2) does not apply if the earlier agreement or the modifying agreement is an exempt agreement ... .
Subsection (2) does not apply if the modifying agreement varies—
as a result of the discharge of part of the debtor's indebtedness under the earlier agreement by virtue of section 94(3).
If the earlier agreement is a regulated agreement but (apart from this subsection) the modifying agreement is not then, unless the modifying agreement is—
it shall be treated as a regulated agreement. .
If the earlier agreement is a regulated agreement for running-account credit, and by the modifying agreement the creditor allows the credit limit to be exceeded but intends the excess to be merely temporary, Part V (except section 56) shall not apply to the modifying agreement.
If—
then, whether or not the modifying agreement would, apart from this subsection, be a cancellable agreement, it shall be treated as a cancellable agreement in respect of which a notice may be served under section 68 not later than the end of the period applicable under that section to the earlier agreement.
Subsection (5) does not apply where the modifying agreement is an exempt agreement ... .
Except under subsection (5), a modifying agreement shall not be treated as a cancellable agreement.
If—
then, whether or not the modifying agreement would, apart from this subsection, be an agreement to which section 66A applies, it shall be treated as such an agreement in respect of which notice may be given under subsection (2) of that section within the period referred to in paragraph (b) above.
Except as provided for under subsection (6A) section 66A does not apply to a modifying agreement.
This section does not apply to a non-commercial agreement or to a regulated deferred payment credit agreement.
In this section, an "exempt agreement" means an 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) (regulated mortgage contracts and regulated home purchase plans) or article 60D (exemption relating to the purchase of land for non-residential purposes) of that Order.