Section 171C Effect of removal of protected statusF1

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A trust deed ceasing to have protected status by virtue of a decision under section 171A is not to—

(a)

invalidate any acts of the trustee between the date the trust deed was registered and the date a decision under section 171A takes effect,

(b)

prevent the trust deed from re-attaining protected status provided the conditions in sections 164-170, so far as applicable, are met, or

(c)

prevent the debtor from—

(i)

making a debtor application under section 2 or, as the case may be, 6,

(ii)

applying for a moratorium under section 195 or, as the case may be, 196,

(iii)

applying for a debt payment programme within the meaning of section 2 of the 2002 Act.

Annotations

F1: Ss. 171A-171C and cross-heading inserted (1.7.2024) by The Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024 (S.S.I. 2024/198), regs. 1(1), 3(3)