A term of a tenancy agreement which breaches section 1 is not binding on a relevant person.
A term of an agreement between a letting agent and a relevant person which breaches section 2 is not binding on a relevant person.
Where a term of an agreement is not binding on a relevant person as a result of this section, the agreement continues, so far as practicable, to have effect in every other respect.
If a relevant person makes a loan to a person pursuant to a requirement which breaches section 1(5) or 2(4), the loan is repayable by the borrower to the relevant person on demand.