Section 80 — Credit Contracts and Consumer Finance Act 2003: Unreasonable buy-back fees or buy-back default fees

80 Unreasonable buy-back fees or buy-back default fees (1) A buy-back transaction must not provide for a buy-back fee or a buy-back default fee that is unreasonable. (2) If the Court is satisfied, on the application of the Commission or an occupier, that a buy-back fee or buy-back default fee is unreasonable, it may order that the fee be annulled or reduced. (3) The Court may make any other order it thinks fit for the purpose of giving effect to an order under subsection (2) . (4) An application for an order may be made within 1 year of the day that the fee is imposed or debited under the buy-back transaction.