Consumer Credit Act 2006
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
13 Interest on default sums
After section 86E of the 1974 Act (inserted by section 12 of this Act) insert— Interest on default sums 86F (1) This section applies where a default sum becomes payable under a regulated agreement by the debtor or hirer. (2) The debtor or hirer shall only be liable to pay interest in connection with the default sum if the interest is simple interest.
13 Interest on default sums
After section 86E of the 1974 Act (inserted by section 12 of this Act) insert— Interest on default sums 86F (1) This section applies where a default sum becomes payable under a regulated agreement by the debtor or hirer. (2) The debtor or hirer shall only be liable to pay interest in connection with the default sum if the interest is simple interest.
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.