Consumer Protection Act

79. Effect of cancellation

Edition: 2022-12-31 · In force

(1)The cancellation of a consumer agreement in accordance with this Act operates to cancel, as if they never existed—

(a)the consumer agreement;

(b)all related agreements;

(c)all guarantees given in respect of money payable under the consumer agreement;

(d)all security given by the consumer or a guarantor in respect of money payable under the consumer agreement; and

(e)all credit agreements, as defined in Part VII, and other payment instruments, including promissory notes—

(i)extended arranged or facilitated by the person with whom the consumer reached the consumer agreement; or

(ii)otherwise related to the consumer agreement.

(2)The provisions of this section shall not apply to those agreements made before the coming into force of this section.