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NOTICES OF AMENDMENTS

given up to and including

Tuesday 21st June 2005


New Amendments handed in are marked thus *

STANDING COMMITTEE D

CONSUMER CREDIT BILL

Mr Gerry Sutcliffe To move, That the Bill be considered in the following order, namely, Clauses 1 to 55, Schedule 1, Clauses 56 to 59, Schedule 2, Clauses 60 to 69, Schedule 3, Clause 70, Schedule 4, Clause 71, new Clauses, new Schedules, remaining proceedings on the Bill.


   

Charles Hendry
Michael Fabricant

1

Clause     3,     page     2,     line     8,     leave out 'the agreement includes'.

   

Charles Hendry
Michael Fabricant

2

Clause     3,     page     2,     line     8,     after 'declaration', insert 'is'.

   

Charles Hendry
Michael Fabricant

3

Clause     3,     page     2,     line     14,     after 'agreement', insert 'at the time that agreement is signed'.

   

Charles Hendry
Michael Fabricant

4

Clause     3,     page     2,     line     26,     at end insert 'unless supported by independently verified documentation'.

   

Charles Hendry
Michael Fabricant

5

Clause     3,     page     2,     line     29,     leave out 'one year' and insert 'two years'.

   

Charles Hendry
Michael Fabricant

6

Clause     3,     page     2,     line     39,     leave out 'must have been made in relation to each of them' and insert 'may be made by either of them'.


   

Charles Hendry
Michael Fabricant

7

Clause     4,     page     3,     line     13,     leave out 'an agreement includes'.

   

Charles Hendry
Michael Fabricant

8

Clause     4,     page     3,     line     13,     after 'declaration', insert 'has been'.


   

Gordon Banks

33

*Clause     6,     page     4,     line     35,     at end insert—

      '(c) shall, where the term of the credit agreement is more than one month but not more than twelve months, give the debtor a statement under this section within 14 days of the mid point of the term of the agreement.'.

   

Charles Hendry
Michael Fabricant

9

Clause     6,     page     4,     line     37,     at end insert—

    '(2A)   For the purposes of this section and any regulations made under subsection (2), the requirement to give a statement is satisfied if the creditor, with the debtor's agreement, makes available electronically, in a manner which is freely accessible to the debtor, the content prescribed by the regulations.'.

   

Gordon Banks

34

*Clause     6,     page     5,     line     7,     after '(a)', insert 'or (c)'.

   

Charles Hendry
Michael Fabricant

10

Clause     6,     page     5,     line     16,     leave out from 'extent' to end of line 19 and insert 'specified by Regulations; and'.

   

Charles Hendry
Michael Fabricant

11

Clause     6,     page     5,     line     36,     at end insert—

    '(8A)   Regulations may make provision about the extent of the debtor's liability to pay any sum of interest under subsection (6).'.


   

Charles Hendry
Michael Fabricant

31

*Clause     9,     page     8,     line     16,     leave out 'four' and insert 'eight'.


   

Charles Hendry
Michael Fabricant

32

*Clause     11,     page     9,     line     23,     after 'non-compliance', insert 'but such non-compliance shall attract no sanction or disadvantage other than is specifically provided for in this section'.


   

Charles Hendry
Michael Fabricant

12

Clause     19,     page     14,     line     8,     at end insert—

    '(1A)   A relationship between the creditor and the debtor shall be regarded as unfair if, contrary to the requirement of good faith, it causes a significant imbalance in the parties' rights and obligations, to the detriment of the debtor.'.

   

Charles Hendry
Michael Fabricant

13

Clause     19,     page     14,     line     8,     at end insert—

    '(1A)   Regulations shall make provision to indicate the circumstances in which the relationship between the creditor and debtor may be regarded as unfair.'.

   

Charles Hendry
Michael Fabricant

14

Clause     19,     page     14,     line     10,     after 'to', insert—

      '(a) whether the relevant terms of the agreement, or of a related agreement, is in plain, intelligible language; and

      (b) '.

   

Charles Hendry
Michael Fabricant

15

Clause     19,     page     14,     line     16,     at end insert—

    '(3A)   If the court concludes that the relevant terms of the agreement were clear and intelligible when the agreement was made, then, notwithstanding the provisions of section 140B(11), it shall be for the debtor to prove that the relationship was unfair.'.


   

Mr Gerry Sutcliffe

19

Clause     20,     page     15,     line     26,     leave out subsection (8).


   

Mr Gerry Sutcliffe

25

*Clause     27,     page     21,     line     22,     at end insert—

    '( )   In section 189 of that Act (definitions) after subsection (1) insert—

          "(1A)   In sections 36E(3), 70(4), 73(4) and 75(2) and paragraphs 14 and 15 of Schedule 1A 'costs', in relation to proceedings in Scotland, means expenses.".'.


   

Mr Gerry Sutcliffe

26

*Clause     32,     page     26,     line     17,     at end insert—

    '( )   Without prejudice to the generality of paragraph (c) of subsection (3), a requirement specified under that paragraph may have the effect of—

      (a) preventing a named person from being an employee of a person carrying on activities under the authorisation, or restricting the activities he may engage in as an employee of such a person; or

      (b) preventing a named person from doing something, or restricting his doing something, in connection with activities being carried on by a person under the authorisation;

      (c) securing that access to premises is given to officers of the OFT for the purpose of enabling them to inspect documents or to observe the carrying on of activities.'.


   

Mr Gerry Sutcliffe

20

Clause     34,     page     28,     line     40,     after 'fit', insert (subject to subsection (1E))'.

   

Mr Gerry Sutcliffe

21

Clause     34,     page     29,     line     4,     at end insert—

    '(1E)   Where a licence which has effect indefinitely is to be varied under section 30 or 31 for the purpose of limiting the licence's duration, the variation shall provide for the licence to expire—

      (a) in the case of a variation under section 30, at the end of such period from the time of the variation as is set out in the application for the variation; or

      (b) in the case of a variation under section 31, at the end of such period from the time of the variation as the OFT thinks fit;

    but a period mentioned in paragraph (a) or (b) shall not exceed the prescribed period.'.

   

Mr Gerry Sutcliffe

22

Clause     34,     page     29,     line     13,     leave out '(1D)' and insert '(1E)'.


   

Charles Hendry
Michael Fabricant

16

Clause     38,     page     31,     line     32,     leave out subsection (1) and insert—

    '(1)   This section applies where the OFT has reasonable grounds for believing that a licensee or an associate or a former associate of a licensee—

      (a) has engaged in conduct which breaches any provision of or under the 1974 Act;

      (b) is engaging in such conduct; or

      (c) is likely to engage in such conduct.'.


   

Mr Gerry Sutcliffe

23

Clause     43,     page     34,     line     39,     leave out from beginning to '(particulars' in line 5 on page 35 and insert—

    '( )   In section 35(1) of the 1974 Act'.


   

Charles Hendry
Michael Fabricant

35

*Clause     52,     page     44,     line     20,     at end insert—

    '(3A)   The amount specified in subsection (3) shall be reviewed by the Secretary of State within five years of the passing of this Act, and thereafter at five year intervals.

    (3B)   The Secretary of State may, by regulation, amend the amount specified in subsection (3) following a review in accordance with subsection (3A).'.


   

Mr Gerry Sutcliffe

28

*Schedule     1,     page     57,     line     33,     after 'limits', insert '(including the period specified for the purposes of section 41(1) of this Act)'.


   

Mr Gerry Sutcliffe

27

*Clause     59,     page     48,     line     25,     after 'licence', insert 'or was authorised to carry on an activity by virtue of section 34A of the Consumer Credit Act 1974'.


   

Mr Gerry Sutcliffe

29

*Schedule     2,     page     60,     line     41,     at end insert—

    '( ) Consumer credit rules under sub-paragraph (3) may authorise the scheme operator to dispense with or modify the application of such rules in particular cases where the scheme operator—

            (a)   considers it appropriate to do so; and

            (b)   is satisfied that the specified conditions (if any) are met.'.



 
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Prepared 21 Jun 2005