S.I. No. 246/1996:

CONSUMER CREDIT ACT, 1995 (SECTION 60) (No. 2) REGULATIONS, 1996.

CONSUMER CREDIT ACT, 1995 (SECTION 60) (No. 2) REGULATIONS, 1996.

I, RICHARD BRUTON, Minister for Enterprise and Employment, in exercise of the powers conferred on me by section 60 of the Consumer Credit Act, 1995 (No. 24 of 1995), hereby make the following Regulations:

1. These Regulations may be cited as the Consumer Credit Act, 1995 (Section 60) (No. 2) Regulations, 1996.

2. Paragraph 2 of the Fifth Schedule to the Consumer Credit Act, 1995 (No. 24 of 1995), is hereby amended -

( a ) by the insertion in subparagraph (a)(ii) after "the total amount" of "which he has paid", and

( b ) by the substitution for subparagraph (b) of the following subparagraph

"(b) purchase the goods by paying the difference between the amount already paid under this agreement and either the hire-purchase price reduced in arrordance with section 52 or 53 of the Consumer Credit Act, 1995 , or such lesser amount if specified in this agreement.".

GIVEN under my Official Seal, this 8th day of August, 1996.

RICHARD BRUTON

Minister for Enterprise and Employment.

EXPLANATORY NOTE.

These Regulations amend the notice to be included in hire purchase agreements set out in the Fifth Schedule to the Consumer Credit Act, 1995 .