The terms of a licence shall specify. The original applicant for a group licence which has effect indefinitely. Hold a current consumer credit licence with correct trading names.

How to apply for a consumer credit licence. I would like my licence in the business or company name as follows. In subsection 1 after standard licence insert of limited duration. Enquiries can be made to the consumer credit licensing bureau on 020 7211 8608. Browse the register's it training library. Five years – although we have the power to revoke, suspend or vary a licence at any time.

Download a booklet about consumer credit licences from the oft website pdf. Read about the types of business that require a consumer credit licence at the oft website. Issue trading checks or credit cards?Creditor" and "owner" are defined in section 189 1 of the 1974 act. The oft has a duty to protect the interests of consumers by monitoring the fitness of those holding or applying for licences.

The consumer credit public register is maintained by the oft. You must not trade before your licence has been granted, or carry out business activities under a category it does not cover. Are participating in any consumer credit act business being. Insurance mortgage. A   you can change your trading names and categories by applying for a variation to your licence.

But if you are refused credit, then you can do something about it. The oft can refuse or revoke a licence if it decides that a trader is not fit to hold one. Oft refuses credit licence to doncaster mortgage broker. Under the consumer credit act 1974, businesses that are involved in consumer credit or hire must have a consumer credit licence. regency mortgage corporation Does my business need a consumer credit licence?Inc vat unlimited name searches fee only £25 credit licences and you.

Licences revoked between 1 january and 30 june are as follows. classic credit card Every trading name licensed by the oft must be different, and over 400, 000 oft licences have been issued. Business practices that could damage the interests of consumers. Do you need a consumer credit licence?

Use our licence and permit checklist to find out which licences and permits could apply to your business. Christine wade, director of consumer regulation enforcement said. Consumer credit licensing annual update. That a licence which has effect indefinitely should have its. The judgment should also be removed from your credit reference file. Consumer complaints and how they are dealt with. To make markets work well for consumers.

The licence applicant was shaun peter finnegan of 19 highfield close, hatfield, doncaster, south yorkshire, dn7 4ga. Register of orders and undertakings. Failure to comply with the provisions of the consumer credit act or other consumer protection legislation.

Nationwide can check this register for you, and apply for an oft licence, if required, on your behalf. It also details traders that have applied for a licence. Variation shall provide for the licence to expire. Licences revoked between 1 january and 31 march are as follows.