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Following the Call for Evidence which closed on 30 September 2009 the CLC has published as attached an Interim Report setting out its findings and recommendations to date. It calls on CLC regulated Practices to review their arrangements with Third Parties to ensure that the way in which referrals are made is consistent with the spirit of the CLC’s Rules and Guidance and, specifically, to prohibit Third Parties from asking for or accepting the payment of legal fees (whether described as non-refundable or otherwise).
The CLC will review the provisional conclusions reached in this report following the publication of the OFT Market Study on Home Buying and Selling and the review of referral fees by the LSB’s Consumer Panel.
In the meantime, the CLC welcomes any comments on this interim report and any further evidence submitted via email to consultations@clc-uk.org, both of which will be taken into account in any final report.
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