MLR3C2099 - Legislation: Consumer Credit Institutions

The credit institutions that require a consumer credit licence category A licence under section 21 of the CCA 1974,) are those that

• sell goods on credit
• end money (non FCA authorised - cash/personal unsecured loans, secured loans).
• offer hire purchase terms
• collect debts - includes where a book of debts has been purchased from a creditor, such as a credit card issuer, in order for the debt to be recovered providing those debts are not collected on behalf of a third party or are the businesses own debts.