United Kingdom · Question · Written question
UIN 115516
Bounce Back Loan Scheme and Coronavirus Business Interruption Loan Scheme
Introduced
16 November 2020
Last action
19 November 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
19 November 2020
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to review the adequacy of the underwriting and risk processes required in advance of an offer being made of a loan under the (a) Coronavirus Business
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
16 November 2020
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans his Department has to review the adequacy of the underwriting and risk processes required in advance of an offer being made of a loan under the (a) Coronavirus Business
Source: Commons
19 November 2020
Answer
The Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS) are delegated schemes; meaning the decision to lend to a prospective borrower remains at the discretion of the lender. The rules of the schemes are overseen b...
Source: Written answer
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
No documents linked.
Sponsors
- · Department for Business, Energy and Industrial Strategy · Answering body
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-questions/detail/2020-11-16/115516
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1252266
- uk · wq-1252266 · source updated 19 November 2020