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S.C.E.          Standing Committee: 27th January 2005                  

138

 

Consumer Credit Bill, continued

 
 

Liability of debtor on termination of hire-purchase etc. agreement

 

Mr Laurence Robertson

 

Gregory Barker

 

Mr Ian Liddell-Grainger

 

Alistair Burt

 

nc4

 

To move the following Clause:—

 

‘Section 100 of the 1974 Act shall cease to have effect, other than for those

 

agreements in place at the time of this Act coming into force.’.

 

——————————
 

Regulatory impact

 

Malcolm Bruce

 

Dr Jenny Tonge

 

nc5

 

To move the following Clause:—

 

‘(1)    

The Office of Fair Trading (OFT) will report to the Secretary of State and to

 

Parliament annually on the impact of its monitoring of businesses being carried

 

on under licences and its determinations to issue, renew or vary a licence under

 

the provisions of this Act.

 

(2)    

The Secretary of State will after a period of no more than five years, consult on

 

and publish an assessment of the impact the Act has had in terms of regulatory

 

burden and harmonisation with European Directives.’.

 

——————————
 

Office of Fair Trading: further duties

 

Malcolm Bruce

 

Dr Jenny Tonge

 

nc6

 

To move the following Clause:—

 

‘(1)    

The Office of Fair Trading (OFT) shall consult other financial agencies and

 

produce a standard requirement for the presentation of interest rates to enable

 

direct comparison between products.

 

(2)    

The OFT shall periodically, and at least annually, publish the range of interest

 

rates on the market for specified products.

 

(3)    

The OFT shall further publish court rulings and advice of the ombudsman on

 

levels of interest rates for particular products which are likely to be deemed unfair

 

under section 19.’.

 

 

Order of the House [13th January 2005]

 

That the following provisions shall apply to the Consumer Credit Bill:


 
 

S.C.E.          Standing Committee: 27th January 2005                  

139

 

Consumer Credit Bill, continued

 
 

Committal

 

1.    

The Bill shall be committed to a Standing Committee

 

Proceedings in Standing Committee

 

2.    

Proceedings in the Standing Committee shall (so far as not previously

 

concluded) be brought to a conclusion on Thursday 3rd February 2005.

 

3.    

The Standing Committee shall have leave to sit twice on the first day on

 

which it meets.

 

Consideration and Third Reading

 

4.    

Proceedings on consideration shall (so far as not previously concluded) be

 

brought to a conclusion one hour before the moment of interruption on the

 

day on which those proceedings are commenced.

 

5.    

Proceedings on Third Reading shall (so far as not previously concluded) be

 

brought to a conclusion at the moment of interruption on that day.

 

Programming Committee

 

6.    

Standing Order No. 83B (Programming committees) shall not apply to

 

proceedings on consideration and Third Reading.

 

Programming of proceedings

 

7.    

Any other proceedings on the Bill (including any proceedings on

 

consideration of Lords Amendments or on any further messages from the

 

Lords) may be programmed.

 

 

Order of the Committee [25th January 2005]

 

That—

 

(1)  

during proceedings on the Consumer Credit Bill, in addition to its first

 

meeting at 9.25 a.m. on Tuesday 25th January, the Standing Committee shall

 

meet at—

 

(a)  

2.30 p.m. on Tuesday 25th January; and

 

(b)  

9.25 a.m. and 2.30 p.m. on Thursday 27th January, Tuesday 1st

 

February and Thursday 3rd February;

 

(2)  

the Bill be considered in the following order, namely, Clauses 1 to 55,

 

Schedule 1, Clauses 56 to 59, Schedule 2, Clauses 60 to 68, Schedule 3,

 

Clause 69, Schedule 4, Clause 70, new Clauses, new Schedules and

 

remaining proceedings on the Bill;

 

(3)  

proceedings on the Bill shall (so far as not previously concluded) be brought

 

to a conclusion at 6.55 p.m. on Thursday 3rd February.

 


 
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