Raymond.


Did you get anywhere on this?

Leeds got some legal advice from their lawyer who confirmed that 4 and
above needs a licence. Maybe some HEIs failed to rekon this legal
requirement!!

godwin To
goldsmiths College



--On 18 January 2000 09:13 -0500 "Lockyer, Raymond"
<[log in to unmask]> wrote:

> Can anybody help - UWE is considering offering its students
> the facility of paying their tuition fees by direct debit.
> However, having contacted the DTI and OFT it would appear
> that if we offer 4 or more instalments then we will be
> caught by the Consumer Credit Act and have to get a licence
> and have each student, paying by DD, complete a credit
> agreement - plus we would have to comply with all the other
> regulations within the act.
>
> However, speaking to colleagues in other HEIs it would
> appear that, although they are offering payment
> arrangements involving 4 or more instalments, they are not
> taking up the credit licence.
>
> Am I missing something - are we exempt - we will not be
> charging interest - is this relevant? Has anyone had a
> legal opinion? Do we have to comply with the Consumer
> Credit Act if we offer DDs with 4 or more instalments?
>
> Any help would be gratefully received.
>
> Thanks
>
> Ray Lockyer
>
> ----------------------------------------
> Lockyer, Raymond
> Email: [log in to unmask]
> "University of the West of England"
>