Consumer Credit Sourcebook definition

Consumer Credit Sourcebook means the consumer credit sourcebook as set out in the FCA Handbook.
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Consumer Credit Sourcebook. (or "CONC") means the consumer credit sourcebook as set out in the FCA Handbook.
Sample 1

Examples of Consumer Credit Sourcebook in a sentence

  • From 1 April 2014, such rules include rules in the FCA Consumer Credit Sourcebook (CONC), which transposes certain requirements previously made under the CCA and in OFT guidance.

  • B: VWFS initiatives VWFS is regulated by the FCA and in servicing the Purchased Receivables is required to comply with the Consumer Credit Sourcebook ("CONC") which includes, at CONC 7.3.4, a requirement to treat customers in default or in arrears with forbearance and due consideration.

  • Where an IVA provider advertises for work via a third party, the IVA provider is responsible for ensuring that the third party observes all applicable advertising codes and the FCA Consumer Credit Sourcebook chapter 3.

  • Creditors will follow the guidance in the FCA Consumer Credit Sourcebook and the Lending Code (or any Code that replaces it) if they are bound by it.

  • Advertisements and other forms of marketing should be clearly distinguishable as such and ought to observe the FCA Consumer Credit Sourcebook chapter 3 and all relevant codes of practice, in particular to the principles of legality, decency, honesty and truthfulness.

  • While IVAs are a product of insolvency legislation those IPs who are subject to FCA authorisation whether through their firm or as an employee of an FCA authorised firm must comply with the FCA’s Consumer Credit Sourcebook (CONC).

  • Where debt is sold when an IVA is proposed but before it has been approved, creditors should ensure that the debt buyer is a signatory to the Lending Code or follows the principles contained in the Lending Code and complies with the guidance in the FCA Consumer Credit Sourcebook.

  • The Services which we provide to you in negotiating with your creditors and managing your payments to them, as more generally described in the Financial Conduct Authority Handbook and Consumer Credit Sourcebook.

  • If You are a company or a partnership consisting of four or more persons, You will not benefit from protections under the CCA or the Consumer Credit Sourcebook of the Financial Conduct Authority.

  • The FCA and Credit Broking Rules (R) A credit broker is a person who introduces individuals who are seeking credit or goods on hire – to lenders that may provide this credit or other credit brokers.If you facilitate credit to customers who qualify under a Regulated Loan, these agreements must comply with the Consumer Credit Act, and the rules in the Consumer Credit Sourcebook (CONC).

Related to Consumer Credit Sourcebook

  • Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.

  • Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement.

  • Consumer fireworks means fireworks devices that are designed to produce visible effects by combustion, that are required to comply with the construction, chemical composition, and labeling regulations promulgated by the United States consumer product safety commission under 16 CFR parts 1500 and 1507, and that are listed in APA standard 87-1, 3.1.2, 3.1.3, or 3.5. Consumer fireworks does not include low-impact fireworks.

  • Australian Consumer Law means the Australian Consumer Law set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • Consumer account means an account established primarily for personal, family, or household use.

  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

  • Seller credit card means either of the following:

  • Consumer-goods transaction means a consumer transaction in which:

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;

  • Postconsumer waste means a finished material that would normally be

  • cross-border processing means either:

  • Post-Consumer Waste means any product generated by a business or consumer which has served its intended end use, and which has been separated or diverted from solid waste for the purpose of recycling into a usable commodity or product, and which does not include post-industrial waste.

  • Consumer loan means a loan to one or more individuals for household, fam- ily, or other personal expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:

  • Consumer advocate means the consumer advocate referred to in Iowa Code chapter 475A.

  • Academies Financial Handbook means the document with that title published by the EFA and amended from time to time, on behalf of the Secretary of State.

  • Consumer goods means goods that are used or bought for use primarily for personal, family, or household purposes.

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Consumer product means a chemically formulated product used by household and institutional consumers including, but not limited to, detergents; cleaning compounds; polishes; floor finishes; cosmetics; personal care products; home, lawn, and garden products; disinfectants; sanitizers; aerosol paints; and automotive specialty products; but does not include other paint products, furniture coatings, or architectural coatings. As used in this article, the term “consumer product” shall also refer to aerosol adhesives, including aerosol adhesives used for consumer, industrial, and commercial uses.

  • Credit and Collection Policy means Seller’s credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof and summarized in Exhibit VIII hereto, as modified from time to time in accordance with this Agreement.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.