Not sure of the law

amosworks

Hmm it seems quite a lively debate. It might be worth trying to settle the issue once and for all. I think it might be useful to put some citations in along with some links to the actual laws from https://www.hmso.gov.uk or wherever they're stored these days, along with the posts to backup what people are saying. Otherwise misinformation could spread

file_wizzard

amosworks wrote:

Hmm it seems quite a lively debate. It might be worth trying to settle the issue once and for all. I think it might be useful to put some citations in along with some links to the actual laws from https://www.hmso.gov.uk or wherever they're stored these days, along with the posts to backup what people are saying. Otherwise misinformation could spread

Consumer Credit Act 1974


77.—(1) The creditor under a regulated agreement for fixed sum credit, within the prescribed period after receiving a request in writing to that effect from the debtor and payment of the prescribed fee, shall give the debtor a copy of the executed agreement (if any) and of any other document referred to in it, together with a statement signed by or on behalf of the creditor showing, according to the information to which it is practicable for him to refer,—

(a) the total sum paid under the agreement by the debtor;

(b) the total sum which has become payable under the agreement by the debtor but remains unpaid, and the various amounts comprised in that total sum, with the date when each became due: and

(c) the total sum which is to became payable under the agreement by the debtor, and the various amounts comprised in that total sum, with the date, or mode ofdetermining the date, when each becomes due.


78.—(1) The creditor under a regulated agreement for running-account credit, within the prescribed period after receiving a request in writing to that effect from the debtor and payment of the prescribed fee, shall give the debtor a copy of the executed agreement (if any) and of any other document referred to in it, together with a statement signed by or on behalf of the creditor showing, according to the information to which it is practicable for him to refer,—

(a) the state of the account, and

(b) the amount, if any, currently payable under the agreement by the debtor to the creditor, and

(c) the amounts and due dates of any payments which, if the debtor does not draw further on the account, will later become payable under the agreement by the debtor to the creditor.



Law of property Act 1925 (as amended 1989)

The Regulatory Reform (Execution of Deeds and Documents) Order 2005


A deed of assignment must contain at least the minimum information of:

1) name of original creditor

2) new owner

3) Amount of original debt & Amount sold for

4) Date of sale

5) signed by original creditor and signed by new owner.