113 Act not to be evaded by use of security
Consumer Credit Act 1974 (1974 c 39) | Legislation

113  Act not to be evaded by use of security

(1)     Where a security is provided in relation to an actual or prospective regulated agreement, the security shall not be enforced so as to benefit the creditor or owner, directly or indirectly, to an extent greater (whether as respects the amount of any payment or the time or manner of its being made) than would be the case if the security were not provided and any obligations of the debtor or hirer, or his relative, under or in relation to the agreement were carried out to the extent (if any) to which they would be enforced under this Act.

(2)     In accordance with subsection (1), where a regulated agreement is enforceable on an order of the court or the [FCA] only, any security provided

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