Re: Reston Solicitors CPR 31.14
nice easy reading then Nibs..
which basically says , yes, any old sod can own cca debts but only exercise the rights via an authorised person. So Cabot are in the clear.
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nice easy reading then Nibs..
Further, under (new) Article 60J of the RAO, a person who is not an authorised person does not require a licence to exercise, or have the right to exercise, the lender's rights and duties under a regulated credit agreement if that person exercises or has the right to exercise the lender's rights and duties under the agreement pursuant to an agreement with an authorised person who has the permission to exercise, or have the right to exercise, the lender's right and duties under a regulated credit agreement.
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