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Regulation 7 Debtor to have a money adviser

Original text. Later amendments are not shown.

(1)

A debtor shall have a money adviser during the period of operation of a debt payment programme.

(2)

A debtor shall forthwith give written notice to the DAS administrator that a money adviser has ceased to act for the debtor.

(3)

Where notice is given under paragraph (2), a debtor shall state the reason why the money adviser has ceased to act.

(4)

A money adviser shall assist the debtor to appoint a replacement adviser where that first adviser has ceased to act by reason of the resignation, or revocation or suspension of approval, of that first adviser.