The noble Lord, Lord Shutt, asked whether the banks were completely involved in the scheme. Can banks, for instance, say that they are in the scheme but then choose their own definitions for dormant accounts which are stricter than those in the Bill and thereby not transfer much money? It is an interesting point whether someone who signs up to the scheme is likely to deliver a great deal of money or a small amount. I do not think that the Minister covered that in his remarks. I would be interested to hear his response.
Dormant Bank and Building Society Accounts Bill [HL]
Proceeding contribution from
Baroness Noakes
(Conservative)
in the House of Lords on Monday, 10 December 2007.
It occurred during Debate on bills
and
Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Type
Proceeding contribution
Reference
697 c12-3GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
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Timestamp
2023-12-16 02:35:42 +0000
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