# The Building Societies (EFTA States) Order 1994, Paragraph 5


If at any time when an advance classified as a class 1 advance or a class 2 advance under paragraphs 3 or 4 above is outstanding the society is satisfied, on notice given to it by the borrower, that there has been a change in the use of the land comprising the security and is satisfied that, had the use been so changed before the making of the advance, the advance would instead have been a class 2 advance or a class 1 advance, as the case may be, the advance shall be reclassified accordingly as from that time.

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Source: https://www.legislation.gov.uk/uksi/1994/655/schedule/1/paragraph/5 (the official version)
Page: https://openlegislation.uk/building-societies-efta-states-order-1994/schedule-1/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.