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New practice note: Consumer Protection Regulations for conveyancing

03-03-2016 01:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: WBLCA

New practice note: Consumer Protection Regulations

The new Consumer Protection Regulations for conveyancing practice note aims to inform solicitors about the impact of the Consumer Protection from Unfair Trading regulations(CPRs) and their obligations to consumers in a conveyancing transaction. The aim of the CPRs is to prohibit trading practices that are unfair to consumers.

Recent regulatory changes have potentially made property sales subject to the CPRs, which came into force in 2008. The CPRs protect consumers by requiring traders, which may include solicitors, to disclose everything that could materially affect a buyer’s decision to proceed with the transaction.

Many of the obligations placed on solicitors under the CPRs are already covered by the obligations contained in the SRA Code and, provided that consumers are treated fairly, solicitors are unlikely to be in breach.

The WBLCA helps companies define their strategic direction and remove the obstacles to profitable growth. It is also a key resource for businesses and organizations in the Capital Region and worldwide. The WBLCA helps its members build upon their successes through an array of skills development, resource sharing and networking opportunities, while working together to maintain the standards and reputation of the consulting profession. Our organization is the ideal first stop shop for anyone seeking consulting services. We can help you to build and develop your business giving you the right information which will help you to perform better on the market and eliminate the concurrency, so our professional consultants will eliminate the obstacles from your way.

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