Written question asked by Bob Spink (Conservative) on Monday, 10 June 2002, in the House of Commons. It was due for an answer on Wednesday, 12 June 2002. It was answered by Ruth Kelly (Labour) on Wednesday, 12 June 2002 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what plans he has to put a duty of care on mortgage companies to repay funds to people who have had their properties repossessed and sold where there is a surplus arising on that sale.

Answer: Bob Spink: To ask the Chancellor of the Exchequer what plans he has to put a duty of care on mortgage companies to repay funds to people who have had their properties repossessed and sold where there is a surplus arising on that sale. [60875] Ruth Kelly: The Government are giving responsibility for regulating mortgage lenders to the Financial Services Authority (FSA). The FSA will be consulting in due course about its rules including in relation to the issue of repossessions.

Secondary information

Type: Written question
Reference: 60875; 386 c1294W;386 c1295W
Session: 2001-02
Subjects: Companies Mortgages Sales Regulation Repossession orders Surpluses
Link: View this Written question on www.publications.parliament.uk

Treasury

Secondary information

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