New Clause 1 - Credit-token specification
Consumer Credit Bill
3:44 pm
'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 specify in the agreement the type of credit token that will be provided and may not provide other additional credit-tokens, including cheques, that may be used to draw on credit accounts without the agreement of the debtor.''.'.—[Mr. Plaskitt]
Brought up, and read the First time.