1 Citation and Commencement

These Regulations may be cited as the Social Security (Claims and Payments) Amendment Regulations 2007 and shall come into force on 1st April 2007.

NOTES
Initial Commencement
Specified date

Specified date: 1 April 2007: see above.

2 Amendment of paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987

2Amendment of paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987

In paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 (deductions of mortgage interest from benefit and payment to qualifying lenders), for the amount “£0.51” there shall be substituted “£0.47”.

NOTES
Initial Commencement
Specified date

Specified date: 1 April 2007: see reg 1.

Signature

Signed by authority of the Secretary of State for Work and Pensions

James Plaskitt

Parliamentary Under Secretary of State,

Department for Work and Pensions

22nd February 2007

EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Regulations)

These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 by reducing from £0.51 to £0.47 the fee which qualifying lenders pay for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to qualifying lenders.

A full regulatory impact assessment has not been prepared for this instrument as it has minimal impact on the costs of business.