100 Liability of debtor on termination of hire-purchase etc agreement
Consumer Credit Act 1974 (1974 c 39) | Legislation

100  Liability of debtor on termination of hire-purchase etc agreement

(1)     Where a regulated hire-purchase or regulated conditional sale agreement is terminated under section 99 the debtor shall be liable, unless the agreement provides for a smaller payment, or does not provide for any payment, to pay to the creditor the amount (if any) by which one-half of the total price exceeds the aggregate of the sums paid and the sums due in respect of the total price immediately before the termination.

(2)     Where

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