- Draft legislation
This is a draft item of legislation. This draft has since been made as a Scottish Statutory Instrument: The Bankruptcy (Money Advice and Deduction from Income etc.) (Scotland) Regulations 2014 No. 296
6.—(1) In advising under section 5C of the Act(1) on a debtor application, a money adviser must obtain evidence of the debtor’s income and expenditure.
(2) A money adviser must retain records in relation to the advice given to the debtor (including the evidence obtained under paragraph (1)) in making a debtor application, for 2 years from the date on which the advice was given.
(3) A money adviser must provide as required by the Accountant in Bankruptcy, information about a debtor’s application (including evidence obtained under paragraph (1) or the debtor’s consent to the application).
Inserted by section 1(2) of the 2014 Act.
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