Ms Derville Rowland:

What has to happen in those issues of dispute is that it would have to be resolved before the legal power could be used. We would have to have it out on a factual, argued basis about the use of that power. It would never be a question of ordering it to happen or of the lender in dispute being obliged to completely obey it without a full legal argument about the matter. Rate rectification can happen quickly where there is agreement. If there is a full dispute about it, any use of any legal power would have to be subject to the full rigours of the law and the dispute they would bring to bear on that.