Clause 16 - Time Orders
Consumer Credit Bill
12:00 pm
Mr Gerry Sutcliffe (Parliamentary Under-Secretary (Employment Relations, Competition and Consumers), Department of Trade and Industry; Bradford South, Labour)
That depends on the negotiations that take place on the plan that the debtor proposes to the lender. The arrangement would have to be in the best interests of both parties, but a time order provides time and opportunity to resolve difficulties at a very early stage. It is a useful tool for resolving problems, and we wish to see its use spread throughout the UK. We will be talking to the Scottish Executive and others in order to achieve a consistent approach across the UK.
Question put and agreed to.
Clause 16 ordered to stand part of the Bill.