“total price,” the total amount payable by the debtor under a lease-sale agreement, including the amount to be paid in the event of an option to purchase, but without any amount to be paid as a penalty, compensation or compensation for a breach of contract; (d) the performance of obligations or the exercise or performance of rights under a section 36H agreement on behalf of the lender (38) in Section 126 (Application of Fetal Mortgages), to be inserted by “regulated agreement” or a regulated mortgage contract (within the meaning of the Regulated Activities Regulation).” 39E.-1) Advising a borrower on the liquidation of a debt owed under a credit contract is a particular activity. (c) The lender is the lender under a credit agreement, which is secured by a legal mortgage on this land, so we propose to amend the rules of application to prohibit those we regulate from carrying out the following consumer credit activities, in accordance with Part 20:60D. –1) A credit contract is exempt for the purposes of this chapter if , at the time of conclusion, all amounts due under this regulation are guaranteed by a legal mortgage on land and if the condition in paragraph 2 is met. (i) C is, is or is the lender under a relevant agreement and (a) organizes another person who is an authorized person with the authority to engage in such activity, exercise or exercise the rights and obligations of the lender under the agreement, or a credit contract intended to finance a transaction between the borrower and the lender, whether or not he is part of this agreement; (c) agreements guaranteed by collateral (with other seizures of ownership documents or bearer bonds). A – One of the proposed restrictions means that a company will not be able to enter into a regulated credit contract as a lender, which is guaranteed in the country by a legal or fair mortgage. These include a legal or fair tax and a heresy security in Scotland. Therefore, companies wishing to offer credit to their customers to pay their fees cannot guarantee them by a legal or fair fee, unless the ACF has given its authorization. A – No, the use of conditional royalty agreements is governed by laws and rules that have nothing to do with regulated credit contracts. In response to our previous consultation, it was suggested that some businesses, particularly small businesses or isolated practitioners, could be excluded from the market because of the cost of dual regulation.
We believe that our proposed approach minimizes this risk by allowing companies to continue to carry out consumer credit activities under the SRA Regulation, which are naturally part of their legal practices, and to continue to offer consumers benefits such as deferred payment agreements as part of streamlined regulation. We believe that the proposed prohibitions, as well as the minimum additional requirements supported by clear guidelines, provide a proportionate and targeted regulatory approach, while ensuring adequate consumer protection.