Public Bill Committees
Consumer Credit Bill

• Consumer Credit Bill, 1st sitting (5 speeches)
  [Sir John Butterfill in the Chair]
  • Clause 1 - Definition of ''Individual'' (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 2 - Removal of financial Limits etc. (1 speech)
    Question proposed, That the clause stand part of the Bill. 
  • Clause 3 - Exemption relating to high net worth debtors and hirers (9 speeches)
    I beg to move amendment No. 9, in clause 3, page 2, line 27, after 'description', insert ', who shall not be connected through pecuniary interest to the lender'.
  • Clause 4 - Exemption relating to businesses (11 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 5 - Consequential amendments relating to ss. 1 to 4 (0 speeches)
    Amendment made: No. 1, in clause 5, page 4, line 18, leave out 'that section' and insert 'section 185 of that Act (agreement with more than one debtor or hirer).'—[Mr. Sutcliffe.] Clause...
  • Clause 6 - Statements to be provided in relation tofixed-sum credit agreements (39 speeches)
    I beg to move amendment No. 29, in clause 6, page 4, line 32, after 'made', insert 'or the mid-point of the loan, whichever is sooner'. We accept that lack of information for borrowers about...
  • Clause 7 - Further provisions relating to statements (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 8 - OFT to prepare information sheets on arrears and default (6 speeches)
    I beg to move amendment No. 18, in clause 8, page 6, line 35, at end insert ', but shall include— (a) details of the rights of consumers under this Act and the 1974 Act with regard to...
  • Clause 9 - Notice of sums in arrears under fixed-sum credit agreements etc. (9 speeches)
    I beg to move amendment No. 20, in clause 9, page 8, line 6, leave out 'four' and insert 'six'. The amendment relates to the notice of sums in arrears on fixed sum credit agreements. By and...
  • Clause 10 - Notice of sums in arrears underrunning-account credit agreements (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 11 - Failure to give notice of sums in arrears (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 12 - Notice of default sums (1 speech)
    I beg to move amendment No. 22, in clause 12, page 10, line 23, at end insert— '(6A) The debtor shall not be required to pay a default sum unless the liability to do so is clearly set out...
• Consumer Credit Bill, 2nd sitting (0 speeches)
  [Sir John Butterfill in the Chair]
  • Clause 12 - Notice of default sums (7 speeches)
    Amendment proposed [this day]: No. 22, in clause 12, page 10, line 23, at end insert— '(6A) The debtor shall not be required to pay a default sum unless the liability to do so is clearly...
  • Clause 13 - Interest on default sums (5 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 16 - Time Orders (3 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 17 - Interest payable on judgment debts etc. (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 18 - Definition of ''default sum'' (1 speech)
    Question proposed, That the clause stand part of the Bill.
  • Clause 19 - Unfair relationships between (92 speeches)
    I beg to move amendment No. 8, in clause 19, page 13, line 13, at end insert— '(bb) the debtor entered into the credit agreement as a result of the creditor sending him an unsolicited...
  • Clause 22 - Further provision relating (9 speeches)
    I beg to move amendment No. 24, in clause 22, page 16, line 6, leave out 'alleges' and insert 'demonstrates'. I was concerned by the word ''alleges'', because it is easy to allege without...
  • Clause 25 - Credit information services (9 speeches)
    I beg to move amendment No. 25, in clause 25, page 18, line 6, at end insert— '(2A) It shall be the responsibility of individuals, partnerships, companies or organisations acting as credit...
  • Clause 27 - Charge on applicants for licences etc. (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 29 - Issue of standard licences (18 speeches)
    I beg to move amendment No. 2, in clause 29, page 21, line 39, leave out 'has applied to' and insert 'would'. The effect of varying the licence may be to make the licensee's name misleading, as...
• Consumer Credit Bill, 3rd sitting (0 speeches)
  [Mr. Joe Benton in the Chair]
  • Clause 31 - Variation of standard licences etc. (2 speeches)
    The Parliamentary Under-Secretary of State for Trade and Industry (Mr. Gerry Sutcliffe): I beg to move amendment No. 3, in clause 31, page 24, line 2, leave out subsection (8) and insert—...
  • Clause 32 - WINDING-UP OF STANDARD LICENSEE'S BUSINESS (0 speeches)
    Amendments made: No. 7, in clause 32, page 24, line 20, after 'step', insert 'for such period as it thinks fit'. No. 5, in clause 32, page 24, line 27, leave out subsections (3) and (4) and...
  • Clause 34 - DEFINITE AND INDEFINITE LICENCES (7 speeches)
    I beg to move amendment No. 32, in clause 34, page 27, line 39, at end insert— '(1E) In all cases, the OFT shall state its reason for allowing for a limited period only, when the...
  • Clause 38 - POWER OF OFT TO IMPOSE (11 speeches)
    I beg to move amendment No. 46, in clause 38, page 30, line 30, leave out from first 'licensee' to end of line. The clause gives power to the OFT to impose requirements on licensees. Proposed new...
  • Clause 42 - Guidance on Requirements (13 speeches)
    I beg to move amendment No. 33, in clause 42, page 33, line 27, leave out subsection (3) and insert— '(3) The OFT shall have the duty to take all reasonable steps to ensure that the revised...
  • Clause 47 - POWER OF OFT TO REQUIRE ACCESS TO PREMISES (5 speeches)
    I beg to move amendment No. 35, in clause 47, page 38, line 27, at end insert— '(7A) It shall be the duty of the OFT to take all reasonable steps to ensure that its own officers, or those...
  • Clause 48 - ENTRY TO PREMISES UNDER WARRANT (13 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 51 - CONSEQUENTIAL AMENDMENTS (3 speeches)
    I beg to move amendment No. 36, in clause 51, page 42, line 43, at end add— '(9) The OFT shall maintain a record of all visits to premises carried out by virtue of the relevant sections of...
  • Clause 52 - POWER OF OFT TO IMPOSE CIVIL PENALTIES (14 speeches)
    I beg to move amendment No. 37, in clause 52, page 43, line 16, at end insert 'This amount may be altered by the Secretary of State by Statutory Instrument.'. This issue was raised several times...
  • Clause 53 - FURTHER PROVISION RELATING TO CIVIL PENALTIES (16 speeches)
    I beg to move amendment No. 39, in clause 53, page 43, line 41, leave out 'and'.
  • Clause 54 - STATEMENT OF POLICY IN (3 speeches)
    I beg to move amendment No. 42, in clause 54, page 44, line 34, at end insert ', who shall have the power to order that the statement of policy shall be amended if he is not satisfied with it.'....
• Consumer Credit Bill, 4th sitting (2 speeches)
  [Mr. Joe Benton in the Chair]
  • Schedule 1 - Schedule A1 to the 1974 Act (9 speeches)
    I beg to move amendment No. 48, in schedule 1, page 55, line 24, at end insert 'or for any other reasonable reason, providing that reason is stated.'. Welcome back to the Chair, Mr. Benton. The...
  • Clause 56 - Appeals to the Consumer Credit Appeals Tribunal (2 speeches)
    Question proposed, That the clause stand part of the Bill.
  • Clause 59 - Financial services ombudsman scheme to apply to consumer credit licensees (31 speeches)
    Question proposed, That the clause stand part of the Bill. 
  • Clause 60 - Funding of ombudsman scheme (4 speeches)
    I beg to move amendment No. 44, in clause 60, page 49, line 41, at end add— '(16) No licensee shall have to pay to the Ombudsman or its scheme operator any money until such time as the...
  • Clause 62 - Monitoring of businesses by OFT (0 speeches)
    Amendment made: No. 6, in clause 62, page 51, line 3, leave out '1' and insert '1(1)'.—[Mr. Sutcliffe.] Clause 62, as amended, ordered to stand part of the Bill. Clauses 63 to 68 ordered...
  • New Clause 1 - Credit-token specification (17 speeches)
    'After section 14 of the 1974 Act insert— ''14A Credit-token specification A person carrying on a consumer credit business and providing a credit-token agreement to an individual must...
  • New Clause 3 - Duties of lenders and debtors (7 speeches)
    No. NC3, to move the following Clause:— DUTIES OF LENDERS AND DEBTORS '(1) A lender who provides credit or loans to a debtor so that the debtor may purchase goods and/or services from a...
  • New Clause 4 - Liability of debtor on termination of hire-purchase etc. agreement (3 speeches)
    '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.'. —[Mr. Robertson] Brought up, and read the...
  • New Clause 5 - Regulatory impact (10 speeches)
    '(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...