Section 29 — Credit Contracts and Consumer Finance Act 2003: Right of cancellation does not apply in certain situations

29 Right of cancellation does not apply in certain situations (1) Section 27 does not apply if the credit is provided for a specified period of less than 2 months and no part of the credit is used, with the knowledge of the creditor, to pay amounts owing to the creditor or a related company under another credit contract. (2) Section 27 does not entitle a debtor to cancel a consumer credit contract on the ground that disclosure has not been made to a guarantor. Compare: 1981 No 27 s 22(4), (5)