S.I. No. 186/1997:

CONSUMER CREDIT ACT, 1995 (SECTION 3) REGULATIONS, 1997

CONSUMER CREDIT ACT, 1995 (SECTION 3) REGULATIONS, 1997

I, PAT RABBITTE, Minister of State at the Department of Enterprise and Employment, in exercise of the powers conferred on me by section 3 (3) (a) of the Consumer Credit Act, 1995 (No. 24 of 1995), and the Enterprise and Employment (Delegation of Ministerial Functions) (No. 2) Order, 1996 ( S.I. No. 350 of 1996 ), after consultation with the Minister for the Environment, hereby make the following Regulations:

1. These Regulations may be cited as the Consumer Credit Act, 1995 (Section 3) Regulations, 1997.

2. These Regulations shall come into operation on the 1st day of September, 1997.

3. The following provisions of the Consumer Credit Act, 1995 (No. 24 of 1995), shall apply to a housing loan advanced by a local authority--

( a ) Part I, other than sections 9 to 16, 18 and 19, and

( b ) in Part IX, sections 115, 121 (1), other than "Subject to subsection (3),", 123, 124, 125, 128, 129, where applicable, 130, 132 and 134.

GIVEN under my hand, this 1st day of May, 1997.

PAT RABBITTE,

Minister of State at the Department of Enterprise and Employment.

EXPLANATORY NOTE.

As and from the 1st September, 1997, these Regulations bring housing loans advanced by local authorities within the scope of the Consumer Credit Act, 1995 (No. 24 of 1995).