# Railways Act 2005, Paragraph 27


(1) This paragraph applies to a relevant transfer of a debt owed to the transferor if the transferor would (apart from this paragraph) be the original creditor in relation to that debt for the purposes of section 251 of the 1992 Act (disposal of debts).
(2) The 1992 Act is to have effect as if the transferee (and not the transferor) were the original creditor for those purposes.

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Source: https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/27 (the official version)
Page: https://openlegislation.uk/railways-act-2005/schedule-10/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.