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Parliament
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Lawrence Scott, JP, MP

Lawrence Scott, JP, MP

2524
Speeches
349,028
Words Spoken
121
Sittings Active
7 Dec 2018 House of Assembly
Official Hansard Report - House Of Assembly
61 words
Yes. The Honourable Member is misleading the House when he is talking about Grand Atlantic, because under the PLP they had numerous Members and numerous families that were lined up ready to buy those units, because the PLP had organised 100 per cent financing. I do know this because it is in my constituency. Hon. Michael H. Dunkley: So, what …
7 Dec 2018 House of Assembly
Official Hansard Report - House Of Assembly
35 words
And what happened ? The Honourable Member Michael Dunkley asked what happened. The OBA, the Member from WEDCO was saying that it was going to fall into the ocean. Hon. L. Craig Cannonier: Oh, yes.
7 Dec 2018 House of Assembly
Official Hansard Report - House Of Assembly
32 words
And then what happened is that after that the OBA took over in 2012 and cut the funding, and made it unattractive for anyone to live in there until — [Inaudible interjections]
7 Dec 2018 House of Assembly
Official Hansard Report - House Of Assembly
15 words
—until, until America’s Cup came. And then they used it for America’s Cup. [Inaudible interjections]
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
54 words
Thank you, Mr. Speaker . Mr. Speaker , I think we all agree that we have either lent or borrowed money at some point in time, whether it was from a bank, whether it was from a friend, whether it was from a loan shark, whether it was from a company — [Inaudible interjection]
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
417 words
I know. And we lend or borrow believing that people are inherently good and that they will be able to service their debts. And as the Minister has out lined in his brief, there are what they call “high- flyers,” people who just rack up bills and just refuse to pay them no matter what. But there are people who …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
122 words
Okay. And then in terms of bill collectors, you know, there have never been real parameters set around when a bill collector can call you. If they want to call you all day, all night, they can. And there is nothing in the legislation that gives you a specific time frame. I know that in the US they can call …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
109 words
Okay. One of the things that I would like to see, also, is that . . . there are a lot of things that favour the i nfrastru cture for the debt collectors. But what is the r ecourse if a debt collector is not doing what a debtor needs? So a debtor is required to get certain information, there …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
478 words
Right. So, you know, my next question would be, Is the tribunal going to replace the court? What role does the court have in this process as it is? I would also . . . I know that there was a consultation process. And I know that some . . . it was public and that people were invited to …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
338 words
So one of the suggestions that they make to an entity when they are entering into a credit agreement or a credit arrangement is that they have the client sign a form that says: Bermuda House of Assembly “I agree that all agency charges, legal costs and other expenses incurred by XYZ Co. ltd. in attempting to recover overdue amounts …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
135 words
Thank you. “However, when an established account becomes delinquent, then a standard letter can be sent advising the debtor that payment mus t be made in full within a given time (ten days or so). Failure to do this will result in the debt being sent over to BCA for col-lection and all legal, collection and other expenses will be …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
189 words
—while they do perform a function in debt collecting, I do not agree with that. I think that that is unfair. The other side of it, though, is that the Bermuda Credi t Association also serves a function in that people become members of the Credit Association. So, for instance, when I started my job, I had to have a …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
215 words
Thank you Mr. Chairman. So, recognising that this is a new piece of legislation, I know that at some point in time there may be some amendments —the things that I am kind of bringing to the front. I am not asking for any floor amendments, but just for consideration in the future. So, on page 3, under the definition …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
28 words
Oh, okay. On page 7, clause 2(a) and (b) [sic]. So, when I first looked at the fines, I thought that they were really exorbitant — [Inaudible interjection]
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
4 words
Sorry, section 7, no—
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
367 words
Clause 7(2), sorry . . . [clause] 7(2)(a) and (b). So, I thought they were really kind of exorbitant, but then as I started to do my research, like in Texas there was a guy who was a debt collector (he was a lawyer) who was just recently charged $25 mi llion in civil penalties and $560,000 for legal fees. …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
156 words
Page 7, clause 8[2](g) . . . sorry 8[2](h). So, you might want to consider what a definition of a “good standing member” is, because I am sure all of our definitions will be different. So, you know, a person that is a JP [ Justice of the Peace] or a person that has a pr ofessional designation such as …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
163 words
Okay, sure. Then on page 10, [clause] 14(2) . . . and I am sure you are probably going to think that this is obv ious, but it says for each week or part of a week that a debt collector fails to comply with a requirement i mposed on it by subsection (1), it shall be liable to a …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
125 words
Sorry, this is on page 10, clause 15(2). Sorry, this is on page 10, clause 15(2). So, you might want to . . . bec ause people will tend to, you know, abuse “reasonable.” So, you might want to just tighten that up. And then in [clause] 15(6)(b), it says, “ provide to the Authority a copy of his audited …
30 Nov 2018 House of Assembly
Official Hansard Report - House Of Assembly
7 words
Oh, sorry, sorry, sorry. Okay. Thank you.