The Consumer Credit (Increase of Monetary Limits) (Amendment) Order 1998
This Order amends the Consumer Credit (Increase of Monetary Limits) Order 1983 which increased, for the first time, certain monetary limits set out in the Consumer Credit Act. The amendments have the effect of further increasing some of those monetary limits, notably those that determine which personal credit and hire agreements are regulated by the Act as well as the limit at which certain credit advertisements are exempt from provisions of the Act. These monetary limits will increase, on 1st May 1998, from £15,000 to £25,000.