§ Mr. Wigleyasked the Secretary of State for Prices and Consumer Protection if he is satisfied with the protection afforded to individuals who may be misled, pres- 404W surised or bullied into acting as a guarantor without appreciating the full implication of so doing; and if he will consider tightening the legislation which protects citizens in such matters.
§ Mr. John FraserThe Consumer Credit Act 1974, when fully operative, will give adequate protection to guarantors. In particular, I expect regulations to be made under that Act to require security instruments to contain a warning of their implications at the place for the guarantor's signature.