Ms Helen Dixon:

As I said earlier to Deputy Buckley, data protection law will not pass a view on whether, in general terms, it is a good or a bad thing that lenders can sell on loan books in this way. Data protection law is looking at whether there is a legal basis for the transfer of the personal data and whether clear and accurate notice is given to any individual who took out a loan that the loan could be called in at some point or sold onwards to a third party and that at the time of the selling on of the loan book, clear notice is given to the individual of the data that is transferring and to which new data controller. We would have to look in the round at whether in a specific case we would outline that clear notice was given to an individual taking out a loan and that this was an eventuality.