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Ban a lender from requiring any customer to pay the lender's legal fees.

Submitted on Monday 27th February 2012

Published on Friday 23rd March 2012

Current status: Closed

Closed: Saturday 23rd March 2013

Signatures: 2

Tagged with

Extraordinary

Petition Action

Ban a lender from requiring any customer to pay the lender's legal fees.

Additional Information

It is current practise for corporate lenders to pass on their legal fees and in consequence there is no effective control of them. Some key lists contain few solicitors and so there is an increasing liklihood of duplication of work and fees.

The fees would be dramatically reduced by a change. It is an extraordinary anachronism.


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