Clause 12 - Notice of default sums
Consumer Credit Bill
12:00 pm
Mr Laurence Robertson (Shadow Minister, Economic Affairs; Tewkesbury, Conservative)
Such indeed. I did not withdraw amendment No. 17 because its acceptance would have improved the world of consumer credit, in the sense that it would have required the lender to set out clearly the terms of the agreement into which the borrower was entering. However, it was lost. Amendment No. 22 is consequential on that, so I do not intend to press it to the vote. It is important that the lender set out clearly the detailed terms of the agreement so that the borrower has no illusions about what he is entering into or the consequences of any default. Given that I did not win that vote, I do not suppose that I shall win this one, so I shall not trouble the Committee any further with it. I beg to ask leave to withdraw the amendment.
Amendment, by leave, withdrawn.