Statutory Instrument 1992 No. 1943

The Timeshare (Repayment of Credit on Cancellation) Order 1992

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© Crown Copyright 1992

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1992 No. 1943

CONSUMER PROTECTION

The Timeshare (Repayment of Credit on Cancellation) Order 1992

The Secretary of State, in exercise of the powers conferred on him by section 7(3) and subsections (6), (7) and (8) of section 12 of the Timeshare Act 1992^[1], hereby makes the following Order:—

    1.    This Order may be cited as the Timeshare (Repayment of Credit on Cancellation) Order 1992 and shall come into force on 12th October 1992.

    2.    In this Order "the Act" means the Timeshare Act 1992.

    3.—(1)  Any request in writing, to be made to an offeree under section 7(3) of the Act, following the giving of notice of cancellation of a timeshare agreement in accordance with section 5 of the Act in a case where subsection (9) of that section applies shall contain the information set out in schedule 1 to this Order.

    (2)  Any request in writing, to be given to an offeree under section 7(3) of the Act, following the giving of notice of cancellation of a timeshare credit agreement in accordance with section 6 of the Act shall contain the information set out in schedule 2 to this Order.

Denton of Wakefield, CBE

Parliamentary Under Secretary of State, Department of Trade and Industry

6th August 1992

[1] 1992 c. 35. back

Explanatory Note