Credit Unions Act 1979
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
11A Loans to be treated as secured
(1) This section applies where— (a) a credit union makes a loan to a member of the credit union, and (b) at the time the loan is made, the member’s paid-up shareholding in the credit union, excluding any deferred shares, is equal to or greater than his total liability (including contingent liability) to the credit union, whether as borrower, guarantor or otherwise. (2) On the application of the member to the credit union, the loan shall be treated for the purposes of this Act as a secured loan.
11A Loans to be treated as secured
(1) This section applies where— (a) a credit union makes a loan to a member of the credit union, and (b) at the time the loan is made, the member’s paid-up shareholding in the credit union, excluding any deferred shares, is equal to or greater than his total liability (including contingent liability) to the credit union, whether as borrower, guarantor or otherwise. (2) On the application of the member to the credit union, the loan shall be treated for the purposes of this Act as a secured loan.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.