Section 72 — Credit Contracts and Consumer Finance Act 2003: Initial disclosure of buy-back transaction

72 Initial disclosure of buy-back transaction (1) Every transferee under a buy-back transaction must ensure that disclosure of as much of the information set out in Schedule 3 as is applicable to the transaction is made to every occupier under the transaction before the occupier enters into any contract or arrangement that forms part of the buy-back transaction. (2) Every transferee under a buy-back transaction must ensure that a copy of all of the terms of the buy-back transaction not disclosed under subsection (1) (other than terms implied by law) is given or sent to every occupier under the transaction before the occupier enters into any contract or arrangement that forms part of the buy-back transaction. (3) For the purposes of subsection (2) , the copy of the transaction terms must be given or sent in the same manner that disclosure is made under section 35 .