Clause 4

Sale of Student Loans Bill – in a Public Bill Committee at 5:30 pm on 4 December 2007.

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Loan regulations

Question proposed, That the clause stand part of the Bill.

Photo of Sarah Teather Sarah Teather Shadow Secretary of State

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?

Photo of Rob Marris Rob Marris PPS (Rt Hon Shaun Woodward, Secretary of State), Northern Ireland Office

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?

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

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.

Question put and agreed to.

Clause 4 ordered to stand part of the Bill.