Re: mkdp llp.v.chindit re hsbc.

[chindit]

hi i have picked up on a few threads where the question was asked was the bank account opened before 2007 could you please tell me what significance this is.kind regards.

[mystery1]

Re: mkdp llp.v.chindit re hsbc.

For bank accounts, none at all.

It's a reference to prescribed terms and s127 (3) & (4) which were repealed at the time. Credit, cards loans etc

M1

[chindit]

Re: mkdp llp.v.chindit re hsbc.

thanks for that. would this also apply to bank accounts with overdraught i have been served with a court claim that says regulated by the consumer credit act.thanks.

[mystery1]

Re: mkdp llp.v.chindit re hsbc.

No. Only certain sections apply to certain types of credit. 127 (3) & (4) do not apply to overdrafts.

M1