Nominations have opened for the election of three positions to the Board of the Association of Finance Brokers (AFB).
The positions are split between small, medium, and large firms to ensure fair representation across the industry.
Existing Board members, Paul Carley (small firms) and Steve Feeney (medium firms) are both standing for re-election.
To stand for election, full AFB individuals must complete a nomination form and be nominated by two members from the same constituency, one of which can be from their own firm.
Robert Sinclair, director of the AFB, says: “These are challenging times for the industry and the wider economy and it is more important than ever that the industry has a strong trade body representing its interests with regulators, politicians and the media.
“However, we are only as strong as our members make us. That is why it is vital we have engaged members who are willing to serve on the Board.
“The secured loans industry faces a number of key challenges this year and sitting on the AFB Board offers a great opportunity to influence the future shape of our industry."
Nominations open on 6 June and close on 9 July. The election opens on 21 July and closes on 6 August. The results will be announced 8 August 2008.
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Only 9,486 applied for the benefit in 12 months
Women and young people adversely affected