Part 1The debt arrangement scheme

3 Money advice

(1)

A debtor is not entitled to make an application for the approval, or the variation, of a debt payment programme unless the debtor has obtained the advice of a money adviser in relation to—

(a)

the debtor’s financial circumstances;

(b)

the effect of the proposed programme or, as the case may be, the proposed variation of the programme; and

(c)

the preparation of the application.

(2)

Such an application shall—

(a)

contain a signed declaration by the money adviser who provided the advice referred to in subsection (1) above that such advice has been given; and

(b)

specify the name and address of the money adviser.

F1(3)

Subsections (1) and (2) above are subject to any contrary provision in regulations made under section 7(1) below.