Creditworthiness Assessment Bill: Lords third reading
19 July 2018
The Creditworthiness Assessment Bill had its third reading, a chance to 'tidy up' the bill and make changes, in the Lords on Wednesday 18 July.
This is a private member's bill. A private member's bill is a type of public bill (that affects the public). Private members' bills must go through the same set of procedures as other public bills.
- Catch up on Parliament TV
- Read the Lords Hansard transcript
- Bills and legislation: Creditworthiness Assessment Bill
- Lords Library briefing - Creditworthiness Assessment Bill [HL]: Briefing for Lords Stages
- What is third reading?
This bill would allow rental and council tax payment history to be taken into account when assessing an individual's creditworthiness, particularly when seeking a mortgage.
No changes were suggested to the bill ahead of third reading. The bill will now go to the House of Commons for its consideration.
Lords report stage: Monday 9 July
No changes were made to the bill at report stage.
Lords committee stage: Friday 11 May
Members discussed subjects including:
- a Financial Conduct Authority (FCA) review of the Act (if passed) and termination of the Act’s rules.
- an FCA review of how taking account of rental and council tax payments has affected borrowers’ creditworthiness.
Second reading: 24 November 2017
The Creditworthiness Assessment Bill had its second reading, the key debate on the draft law's purpose and principles, on 24 November 2017.