Regulation 7 Debtor to have an approved money adviserI1
Scotland
(1)
A debtor must take the advice of a money adviser in applying for a debt payment programme.
(2)
The money adviser who advises a debtor must not be an associate of the debtor within the meaning of section 74 of the 1985 Act.
F1(3)
The money adviser who advises a debtor and intends to resign must assist a debtor in finding a replacement money adviser before the money adviser resigns.
Annotations
Textual amendments
- F1
Reg. 7(3) substituted (11.12.2014) by The Debt Arrangement Scheme (Scotland) Amendment Regulations 2014 (S.S.I. 2014/294), regs. 1(2), 5(1)