All sections of Consumer Credit Act 1974
1974 c. 39, s.86F
Section 86F — Interest on default sums
This version in force from 2014-07-15
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) [F1 This section applies where a default sum becomes payable under a regulated agreement by the debtor or hirer.]
(2) [F1 The debtor or hirer shall only be liable to pay interest in connection with the default sum if the interest is simple interest.]
Amendment notes
- F1 S. 86F inserted (1.10.2008) by Consumer Credit Act 2006 (c. 14), ss. {13}, 71(2) (with Sch. 3 para. 9); S.I. 2007/3300, art. 3(3), Sch. 3