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Amendment of section 27 of Act of 2012
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49. Section 27 of the Act of 2012 is amended—
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(a) by substituting the following for subsection (4):
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“(4) The debtor, as soon as practicable after he or she has made the confirmation referred to in subsection (3), shall—
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(a) provide information that fully discloses his or her financial affairs to the approved intermediary, and
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(b) give his or her written consent to the—
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(i) making by the approved intermediary of an enquiry under subsection (9), and
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(ii) disclosure by the approved intermediary of personal data of the debtor, to the extent necessary for such an enquiry.”,
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and
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(b) by substituting the following for subsections (9) to (12):
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“(9) The approved intermediary may, for the purposes of subsections (5) and (6), make such enquiries as he or she considers appropriate to verify the value of a debt or other liability disclosed by the debtor under this section.
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(10) Where a creditor who receives an enquiry from the approved intermediary pursuant to this section does not furnish the information requested within 21 days of the making of the enquiry, the approved intermediary shall be entitled for the purposes of subsection (6) to presume that the value of the debt or liability concerned is that disclosed by the debtor.”.
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