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S.C.D.

1

 
 

House of Commons

 
 

Thursday 23rd June 2005

 

Standing Committee Proceedings

 

Standing Committee D

 

Consumer Credit Bill


 

[First and second sittings]


 

Mr Gerry Sutcliffe

 

Agreed to

 

That—

 

(1)  

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

 

meeting at 8.55 a.m. on Thursday 23rd June, the Standing Committee shall

 

meet at—

 

(a)  

2.00 p.m. on Thursday 23rd June;

 

(b)  

10.00 a.m. and 4.30 p.m. on Tuesday 28th June; and

 

(c)  

8.55 a.m. and 2.00 p.m. on Thursday 30th June;

 

(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 69, Schedule 3,

 

Clause 70, Schedule 4, Clause 71, 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 5.00 p.m. on Thursday 30th June.

 


 

Clauses 1 and 2 Agreed to.

 

Charles Hendry

 

Michael Fabricant

 

Withdrawn  1

 

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

 

Charles Hendry

 

Michael Fabricant

 

Not called  2

 

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


 
 

S.C.D.  Standing Committee Proceedings: 23rd June 2005            

2

 

Consumer Credit Bill, continued

 
 

Charles Hendry

 

Michael Fabricant

 

Not called  3

 

Clause  3,  page  2,  line  14,  after ‘agreement’, insert ‘at the time that agreement is

 

signed’.

 

Charles Hendry

 

Michael Fabricant

 

Not called  4

 

Clause  3,  page  2,  line  26,  at end insert ‘unless supported by independently verified

 

documentation’.

 

Charles Hendry

 

Michael Fabricant

 

Not called  5

 

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

 

Charles Hendry

 

Michael Fabricant

 

Not called  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’.

 

Clause Agreed to.

 


 

Charles Hendry

 

Michael Fabricant

 

Withdrawn  7

 

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

 

Charles Hendry

 

Michael Fabricant

 

Not called  8

 

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

 

Clause Agreed to.

 

Clause 5 Agreed to.

 


 

Gordon Banks

 

Withdrawn  33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.’.


 
 

S.C.D.  Standing Committee Proceedings: 23rd June 2005            

3

 

Consumer Credit Bill, continued

 
 

Charles Hendry

 

Michael Fabricant

 

Withdrawn  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

 

Not called  34

 

Clause  6,  page  5,  line  7,  after ‘(a)’, insert ‘or (c)’.

 

Charles Hendry

 

Michael Fabricant

 

Withdrawn  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

 

Not called  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).’.

 

Clause Agreed to.

 

Clauses 7 and 8 Agreed to.

 


 

Charles Hendry

 

Michael Fabricant

 

Withdrawn  31

 

Clause  9,  page  8,  line  16,  leave out ‘four’ and insert ‘eight’.

 

Clause Agreed to.

 

Clause 10 Agreed to.

 


 

Charles Hendry

 

Michael Fabricant

 

Not selected  32

 

Clause  11,  page  9,  line  23,  at end insert ‘but such non-compliance shall attract no

 

sanction or disadvantage other than is specifically provided for in this section’.

 

Clause Agreed to.


 
 

S.C.D.  Standing Committee Proceedings: 23rd June 2005            

4

 

Consumer Credit Bill, continued

 
 

Clauses 12 to 18 Agreed to.

 


 

Charles Hendry

 

Michael Fabricant

 

Withdrawn  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

 

Negatived on division  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

 

Withdrawn  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

 

Withdrawn  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.’.

 

Clause Agreed to.

 


 

Mr Gerry Sutcliffe

 

Agreed to  19

 

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

 

Clause, as amended, Agreed to.

 

Clauses 21 and 22 Agreed to.

 

[Adjourned till Tuesday at 10 o’clock.


 
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