Related provisions for MCOB 13.4.2
1 - 3 of 3 items.
If a customer falls into arrears on a regulated mortgage contract, a firm must as soon as possible, and in any event within 15 business days of becoming aware of that fact, provide the customer with the following in a durable medium:(1) the current moneymadeclear information sheet “Just the facts about problems paying your mortgage”;2(2) a list of the due payments either missed or only paid in part;(3) the total sum of the payment shortfall;(4) the charges incurred as a result
(1) A firm may provide the information in MCOB 13.4.1 R (2), (3), (4), (5) and (6) orally, for example by telephone, but must provide the information in a durable medium with a copy of the moneymadeclear2 information sheet “Just the facts about problems paying your mortgage” 2within 15 business days of becoming aware of the customer's account falling into arrears.2(2) Where a firm provides the information in MCOB 13.4.1 R when a payment shortfall occurs but before the customer's
Where the regulated mortgage contract is for a business purpose, a firm may as an alternative to MCOB 13.4.1 R(1) provide the following information in a durable medium instead of the moneymadeclear 2information sheet “Just the facts about problems paying your mortgage”:2(1) details of the consequences if the payment shortfall is not cleared;(2) a description of the options available to the customer for clearing the payment shortfall; and(3) details of sources of fee-free advice
The following text must be included at the end of Section 7 'Are you comfortable with the risks?': 'The moneymadeclear7information sheet "You can afford your mortgage now, but what if...?" will help you consider the risks. You can get a free copy from www.moneymadeclear.org.uk7,612or by calling 0800 138 7777.’766
The following text must be included at the end of Section 7 'Are you comfortable with the risks?': 'The moneymadeclear7information sheet "You can afford your mortgage now, but what if...?" will help you consider the risks. You can get a free copy from www.moneymadeclear.org.uk,7 or by calling 0800 138 7777.'761266