Regulation 40 Notification of approval or rejection of a variation

(1)

The DAS administrator shall send notice in writing to the money adviser for the debtor of the approval or rejection of an application for variation of a debt payment programme.

(2)

Where an application for variation of a programme is approved, the DAS administrator shall intimate in writing to the money adviser any condition attached under regulation 30.

(3)

Where an application for variation is rejected, the DAS administrator shall state in writing the reason, or reasons, for the rejection.

(4)

A money adviser for a programme shall intimate in writing the reasons for, and effect of , the approval or rejection of the application for variation–

(a)

to the debtor;

(b)

to the payments distributor;

(c)

in form 9 to a creditor–

(i)

taking part in the programme; and

(ii)

who has applied for the variation to be approved.