Why does TDS want members to supply their bank details when they apply to join? Where they are agents, does it mean that you will return the money for them to distribute to the relevant parties?
Having members’ bank details on record enables us to pay them more promptly following an adjudication. It is also useful to have agents’ details because sometimes the ICE makes an award to them. It also happens that agents, with the landlord’s agreement, ask for money awarded to a landlord to be paid to them for convenience or to cover expenditure they have already made in connection with the matters in dispute.
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