§ Mr. HoodTo ask the Secretary of State for Scotland if he will take steps to ensure that warrant sales will not be initiated against persons who have been duped by unscrupulous finance companies in Scotland.
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§ Mr. MaudeI have been asked to reply.
The Government have no plans to restrict the use of warrant sales to enforce court orders in respect of consumer credit. The existing law, in particular the Consumer Credit Act 1974 and regulations under it, provides appropriate protection for the consumer. The Act lays down requirements for the proper execution of regulated consumer credit agreements. Improperly executed agreements are enforceable only at the discretion of the court.