Moved by
Baroness Hayter of Kentish Town
14: After Clause 32, insert the following new Clause—
“Goods sold under hire-purchase agreements and conditional sales contracts
(1) This section applies to a contract under which a consumer purchases goods from a trader under—
(a) a hire-purchase agreement (as defined in section 7), or
(b) a conditional sales contract (as defined in section 5(3)).
(2) The trader—
(a) must provide information and adequate explanations to the consumer before a contract is made, which would allow the consumer to compare the total sum that he or she would pay under that contract and a representative retail price for the goods;
(b) must not require the consumer to purchase an insurance policy which is sold or brokered by the trader as a condition of entering into a contract.
(3) Within 12 months of the passing of this Act, the Secretary of State shall create regulations by statutory instrument—
(a) to specify steps that a trader must take before taking action to enforce rights under a contract or to take possession of the goods;
(b) to specify steps that a trader must take before a contract is made to ensure that that contract is affordable and appropriate for the consumer.”