... needs referring to all the time as the definitions are not necessarily the same as the dictionary or other areas of law and the Act itself may give more than one definition. E.g. a 'regulated agreement' there are four main definitions which lead to others. 1. Regulated agreements S.189 a consumer credit agreement, or consumer hire agreement other than an exempt one. Definitions to be found - consumer credit agreement in s.8; consumer hire in s.15; and, an exempt agreement in s.16 S.8 - a consumer credit agreement - a personal credit agreement by which the creditor provides the debtor with credit not exceeding £25,000. Credit is defined by s.9; as including a cash loan and any other financial accomodation. 'a personal credit agreement is an agreement between an individual (the debtor and any other person (the creditor) by which the creditor provides the debtor with credit of any amount'. Individual includes a partnership ...

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