The notice must specify the above particulars and also if the breach is capable of remedying the action required to remedy it. At least 21 days notice must be given of such opportunity to remedy. If it is not capable of being remedied, then compensation must be paid, which may not be less than 21 days after notice together with information about failure to comply.<\/p>\n
The creditor may apply to court to disapply the above provision if it would be just and equitable.<\/p>\n
Where the creditor is compensated or recovers possession of goods, the courts must ensure the compensation or repossession does not unjustifiably enrich him.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Scope of Licensing Consumer credit is regulated. In most cases, providers must be licensed or authorised by the Central Bank of Ireland. Certain aspects of consumer credit legislation are dealt with in our chapters relating to hire purchase, credit sales, leasing of goods and pawnbrokers. This is because of the focus on the transfer of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[386],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/28730"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=28730"}],"version-history":[{"count":5,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/28730\/revisions"}],"predecessor-version":[{"id":29155,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/28730\/revisions\/29155"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=28730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=28730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=28730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}