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Bsa and Cml Statements and Codes of Practice

Bsa and Cml Statements and Codes of Practice

          
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About the Book

This book brings together all the current statements and codes of practice issued by The Building Societies Association (BSA) and the Council of Mortgage Lenders (CML), either singly or in conjunction with other trade associations. The statements and codes of practice reproduced in this book have involved the participating institutions voluntarily setting down their procedures, policies and practices related to a number of important subjects so that the consumer has a clear understanding of his or her position. A statement of practice describes common practices in a given area of activity. Thus the statement of practice on handling mortgage arrears and possessions describes what most lenders do when borrowers fall behind in their payments in a formal or legalistic way. A code of practice, on the other hand, can be likened to a commonly agreed set of principles and rules of best practice which have the general consent of those who have agreed them and, sometimes, those in government who might otherwise have imposed statutory regulations. Each statement and code of practice reproduced in this book includes a section providing background information to explain its development and function.

Table of Contents:
Part 1 Statements of practice: handling of mortgage arrears and possession cases; the practice of mortgage lenders. Part 2 Codes of practice: linking of services; certain aspects of the transfer of mortgages by building societies or their associated bodies; the advertising of interest bearing accounts; banking code of practice. Appendix: other codes and statements of practice for selling general insurance; the British code of advertising practice; the ITC code of advertising practice; commission for racial equality code of practice in non-rented (owner-occupied) housing; law society statement of practice on solicitors relationships with tied agents and independent intermediaries; code of practice on price indications for bureau de change services.


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Product Details
  • ISBN-13: 9781872423319
  • Publisher: Building Societies Association
  • Publisher Imprint: Building Societies Association
  • ISBN-10: 1872423310
  • Publisher Date: 28 Feb 1994
  • Binding: Paperback


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