Sarah Teather (Shadow Secretary of State for Education and Skills, Innovation, Universities and Skills; Brent East, Liberal Democrat)

Just for clarification—I think that the Minister will be able to answer my question easily—clause 4(3) refers to

“the reimbursement of costs or expenses incurred by a loan purchaser”.

Does that relate to fees for sorting out the purchasing of the loans in the first place or to costs that are incurred if somebody defaults on the loan?

Bill Rammell (Minister of State (Lifelong Learning, Further and Higher Education), Department for Innovation, Universities and Skills; Harlow, Labour)

It is the latter. I think that that was clarified this morning.

Rob Marris (PPS (Rt Hon Shaun Woodward, Secretary of State), Northern Ireland Office; Wolverhampton South West, Labour)

May I suggest that my hon. Friend considers tabling amendments to clause 4(3) on Report to make it clear that that is the case, because it is not clear in the wording?

Bill Rammell (Minister of State (Lifelong Learning, Further and Higher Education), Department for Innovation, Universities and Skills; Harlow, Labour)

My apologies. I discussed this issue with my hon. Friend and I think that I am right in saying that he has tabled an amendment on it. I am sympathetic to the framing of that amendment, but I need to look at it in detail. If I can be reassured that it would not have an unintended consequence, I will be happy to accept it on Report.