Regulation 24 Composition and waiver of interest
(1)
Where agreed by a debtor and a creditor, a debt payment programme may provide that a liability of the debtor to–
(a)
repay a sum due, or part thereof, shall be discharged;
(b)
pay interest on a sum due, or part thereof, shall be waived.
(2)
An agreement under paragraph (1) may be made subject to a condition that–
(a)
the sum due after discharge or waiver is paid in full; and
(b)
payment is made over the agreed period, not being longer than the period of the programme.