What for? Since the directive does not apply to „credit contracts with a total amount of less than EUR 200 or more than EUR 75,000“ (Article 2, paragraph 2, point c). S.75A provides for other provisions relating to the liability of creditors. Its scope is narrower than if it does not apply to credit contracts, since it does not apply to credit contracts, which do not fall within the scope of the directive, and which fall within the jurisdiction of a „linked credit contract“ defined in s.75A (5) as „a regulated consumer credit contract intended exclusively for the financing of a certain goods supply agreement or service provision and in which (a) the lender explicitly states in the credit contract the services provided by the supplier in relation to the preparation or establishment of the amount of credit; or (b) specific goods or the provision of a particular service.“ A debtor-creditor-supplier agreement is a regulated consumer credit contract that, in certain debtor-creditor-supplier (OR DCS) relationships, is a consumer who has a claim on a supplier, a „similar claim“ on the creditor, pursuant to Section 75 of the Consumer Credit Act 1974 (CCA 1974). Consumer Credit Agreement – A consumer credit contract is an agreement under which loans are granted to an individual. The agreements, which are regulated agreements, include credit extensions up to a legal limit. These include the sale of credit, leasing, collateral and… Legal dictionary 1. If, as part of a debtor-creditor-supplier agreement referred to in paragraph 12, point b) or c), in the context of a transaction financed by the agreement, the debtor has a claim against the supplier because of a false presentation or infringement, he has a similar claim against the creditor, which is therefore jointly and repeatedly liable to the debtor. The problem arises because s.75 of the act and Article 2, paragraph 2, point c) of the directive look at different things. S.75 of the Act examines claims to the extent that they relate to specific assets to which a specified price was attached.
However, the directive examines „credit contracts with a total amount of less than 200 euros or more than 75,000 euros.“ S.75A of the 1974 Act was introduced in 2011 following the entry into force of the Consumer Credit Directive (European Parliament and Council Directive 2008/48/EC) („23 April 2008“ on consumer credit contracts and repealing directive 87/102/EEC of the Council) directive („EEC) directive. Search for: „debtor-creditor-supplier-agreement“ at Oxford Reference „By: debtor-creditor-supplier-Agreement in A Dictionary of Law“ (c) as part of a debtor-creditor-supplier agreement for current credit loans: Thus, the obvious intention of s.75A is to deal with s.75 with (I use broad languages) cases, up to US$30,000 (see 75 for a number of credit contracts including „linked credit contracts“) and which start above this figure s.75A, which apply only to credit contracts linked to a ceiling of $60,260 (the UK equivalent of EUR 75,000 at the time of adoption).