Termination Of Regulated Credit Agreements

1. The creditor or landlord shall not have the right to terminate a regulated contract unless he has terminated the debtor or tenant for at least seven days. a credit agreement that has been terminated in accordance with Timeshare Regulation 23, Holiday Products, Resale and Exchange Contracts Regulations 2010 (automatic termination of the credit agreement); and before leaving the previous legislative system, it is important to note that the essential provisions of the Hire-Purchase Act 1965 are very different from those of Sections 99 and 100 of the 1974 CSF. This is because in section 29(2)(c) of the 1965 Act, the limitation of reimbursable damages to the amount necessary to reduce the total amount paid to half of the total price explicitly applied to « termination in some way ». . . .