# The Debt Arrangement Scheme (Scotland) Regulations 2004, 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.

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Source: https://www.legislation.gov.uk/sdsi/2004/0110626400/regulation/24 (the official version)
Page: https://openlegislation.uk/draft-debt-arrangement-scheme-scotland-regulations-2004/regulation-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.