Yes Loans - OFT imposes requirements on Yes Loans over credit brokerage services

REQUIREMENTS IMPOSED BY THE OFFICE OF FAIR TRADING ('OFT')
PURSUANT TO SECTION 33A AND 33D(4) OF THE CONSUMER CREDIT ACT
1974 ('the Act')

REQUIREMENTS RELATING TO:

Yes Loans Ltd (Consumer Credit Licence. Number 530037)' registered office address:
Cradoc House, Heol-Y-Llyfrau, Aberkenfig, Mid Glamorgan, CF32 9PL

THE OFT REQUIRES AS FOLLOWS:

That Yes Loans Ltd must comply with the requirements listed at 1-14 within 1 month of
the requirements being imposed and the requirement listed at 1'5 from 1 October 2009.

Yes Loans Ltd will:

1) maintain its telephone script, so that the script when recited by Yes Loans' staff
informs all telephone customers of their right to cancel their contract for Yes Loans'
services within a 14 day period and to receive a refund of fees. The following
statement will be recited: "You have a right to cancel within 74 days and receive a
refund. Any refund request must be in writing. Details can be found in our Terms
and Conditions."

2) maintain Yes Loans' staff policy that use of the approved telephone script described
in 1) above is mandatory for telephone staff and no deviation from the approved
script is permitted;

3) maintain Yes Loans' systems to detect deviation from use of the approved
telephone scripting (via use of Yes Loans' Quality Team, Complaints Team and Floor
Management Team) and to maintain effective disciplinary procedures for staff who
deviate from the approved telephone script when speaking to Yes Loans' telephone customers;

4) maintain Yes Loans' policy that written requests for refunds due to customers who
have cancelled their agreement are effected by Yes Loans within 30 days of the
date of receipt by Yes Loans of the relevant written request;

5) maintain Yes Loans' terms and conditions (the terms and conditions in force at the
date of these Requirements are attached at Appendix One) and proced&es so that
they are compliant at all times with regulations 7, 8, 9, 10 and 13 of the Financial
Services (Distance Marketing) Regulations 2004, (the "DSRs") as such DSRs may
be amended from time to time;

6) maintain Yes Loans' terms and conditions so that they are compliant at all times
with s.155 of the Consumer Credit Act 1974 (as amended -'the Act') , as the Act
may be amended from time to time;

7) maintain Yes Loans' terms and conditions so that they are compliant with the Unfair
Terms in Consumer Contracts Regulations 1999; (the "UTCCRs");

8) maintain Yes Loans' terms and conditions so that at no time will Yes Loans
incorporate, recommend, rely on, or enforce, or otherwise attempt to incorporate,
recommend, rely on, or enforce any term or condition which is the same as, or of
similar effect to, terms 4 and 11 of Yes Loans' terms and conditions (see Appendix
Two for previous terms and Appendix One for current terms which are compliant);

9) maintain Yes Loans' website pages at www.yesloansuk.com (the "website") so that
they comply at all times with the Consumer Credit (Advertisements) Regulations
2004, (the "CCARs") as such CCARs may be amended from time to time;

10) maintain in particular, compliance with the provisions of the CCARs relating to
display of the typical APR on the website;

11) display of the typical APR on the website so that it is prominent and visible on the
home page of the website and on each subsequent page where the typical APR is
displayed, in each case without requiring the customer to scroll down the page or
click through to a different page in order to view the typical APR;

12) in relation to the website, at all times to continue to state clearly that Yes Loans is a
L credit broker and to describe Yes Loans' activities in terms which refer to "credit
brokerage" and "brokering" loans;

13) maintain a direct link to Yes Loans' terms of business at the foot of every page on the website;

14) ensure that no link to www.paydayatyes.co.uk appears on the website; and

15) with effect on and from 1 October 2009 use and maintain Yes Loans' letterhead on
which the phrase "Licensed by the Office of Fair Trading" has been replaced with:

"Licensed, under the Consumer Credit Act 7974, (as amended)''.

ANY FAILURE TO COMPLY WITH ANY OF THE ABOVE REQUIREMENTS WILL RENDER
YES LOANS LTD LIABLE TO FURTHER FORMAL ACTION BY THE OFT. THIS COULD
INCLUDE THE IMPOSITION OF FINANCIAL PENALTIES PURSUANT TO SECTION 39A OF
THE ACT AND/OR THE REVOCATION OF YES LOANS LTD'S CONSUMER CREDIT
LICENCE PURSUANT TO SECTION 32 OF THE ACT.

Signed:

Ray Watson, Director, Consumer Credit Group
Authorised signatory on behalf of OFT