Friday 13th June 2014, the new Consumer Contracts Regulations 2013 come into force. In preparation for the changes back in April, Adrian Dewsbury and Philip Coupe presented a seminar about the new Regulations and how the same will affect businesses and their agreements with the consumer, post June. In particular the Seminar was aimed at how the changes would affect Credit Hire Companies.
Essentially, the further changes protect the consumer further then previous Regulations when entering into off-premises agreements with traders. Although the changes are not wholesale, the finer points if ignored could result in unenforceable contracts. Within the RTA industry credit hire companies need to take a close look at their own credit hire agreements to ensure they comply with the new Regulations.
Key changes post 13th June 2014 are the “cooling off” period for consumers to exercise their right to cancel a contract be extended from 7 to 14 days and traders needs to ensure a copy of the contract and notice of right to cancel are provided to the consumer on entering into the agreement for all off-premises agreements.
For further information in relation to the new Consumer Contracts Regulations 2013 please email for notes and our presentation which addresses the new Regulations in further detail.