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Paragraph 3

Original text. Later amendments are not shown.

The condition is that at the time the agreement is entered into less than 40% of the land is used, or is intended to be used, as or in connection with a dwelling—

(a)

by the debtor or a person connected with the debtor, or

(b)

in the case of credit provided to trustees, by an individual who is the beneficiary of the trust or a person connected with such an individual.