PART 9COMPLETION OF A DEBT PAYMENT PROGRAMME

Report of completion47

On completion of a debt payment programme, a payments distributor shall send a report of completion in form 12 to the money adviser for the programme.

Notices by a money adviser: completion48

1

A money adviser for a debt payment programme shall send notice of completion of the programme in form 13 to the DAS administrator where–

a

a report of completion in form 12 is sent to the money adviser; or

b

the creditors in the programme agree in writing to completion before the end of the period of the programme.

2

A money adviser shall intimate any agreement under paragraph (1)(b) to the payments distributor.

Notification of completion49

1

The DAS administrator, when a debt payment programme has been completed, shall on request by a money adviser, or the debtor give confirmation of the completion to the adviser or debtor (as the case may be) in form 14.

2

The money adviser shall intimate in writing the completion, whether or not confirmed by the DAS administrator under paragraph (1)–

a

to the debtor;

b

to each creditor known to the adviser in form 15;

c

where there is a payment mandate under regulation 33, to the employer.