Possessions register

Introduction

The possessions register (the register) was a CML initiative and was established in conjunction with two major credit reference agencies namely, Experian and Equifax. The register listed properties taken into possession on both a voluntary and involuntary basis by those lenders participating in the scheme, with the aim of preventing fraud, over commitment and loss.

The register will be withdrawn with effect from 30 June 2010 and the data held on it will at that time be removed and destroyed.  We do not believe that this will cause any consumer detriment.