Scotland

The following issue updates are available for Scotland.

Automated registration of title to land in Scotland (ARTL)

5 July 2010 | The Registers of Scotland which is the Executive Agency with responsibility for the land register in Scotland plans to introduce an electronic process to register deeds in the land register.This will include security deeds.

Banking Bill 2008

9 October 2008 | The Banking Bill was introduced in Parliament on 7 October 2007. It makes a number of changes to the Financial Services Compensation Scheme, the procedures and powers for dealing with banks in financial difficulties, the powers of the Bank of England (BoE) in relation to the interbank payment system, the rights of commercial banks to issue bank notes and the governance of the Bank of England in relation to the maintenance of financial stability.

Climate change

26 May 2010 | A summary is provided for members on the Energy and Climate Change (DECC) and Communities and Local Government (CLG) 'Warm Homes, Greener Homes: A Strategy for Household Energy Management' report, which sets out a 'pay-as-you-save' model for residential property eco-upgrades. This is likely to be taken forward in the Energy Security and Green Economy Bill in the coming Parliamentary year.

Consumer Credit Act regulated lending in Scotland

5 July 2010 | The Scottish Parliament has introduced an Act of Sederunt which has implications for lenders where they are seeking in Scotland to recover sums advanced in realtion to lending which is regulated by the Consumer Credit Act 1974.

Contaminated Land

30 July 2010 | This sets out lenders' current position on contaminated land.

Debt arrangement scheme

5 July 2010 | This update looks at the debt arrangement scheme (DAS), a debt management tool which was introduced in Scotland in November 2004 for people with two or more debts who could pay what they owe given more time.

Homelessness etc. (Scotland) Act 2003

5 July 2010 | Under Section 11 of the Act, a lender holding a standard security over a residential property in Scotland will be required to give notice to the local authority where the property is situated when they issue a calling up notice, default notice or make an application to the court for a warrant of possession under a standard security.

House-buying and selling in Scotland - Reform

5 July 2010 | The Scottish Government has announced plans to reform the house-buying and selling process in Scotland by introducing the home report with effect from 1 December 2008. This will impact on members lending in Scotland and a number of issues to be considered are included for members.

Houses in Multiple Occupation in Scotland (HMOs)

5 July 2010 | This explains the licensing requirements in Scotland where a rented property is occupied by 3 or more persons.

Housing Corporation (delegation) etc Act 2006

3 November 2009 | This paper provides a brief overview of the Act, which received Royal Assent in July 2006 and came into effect immediately. The Act addresses problems caused by the Housing Corporation incorrectly granting consents to registered social landlords.