Paragraph 10 I1
Northern Ireland
Each deferment period will last for 12 months beginning on a date the lender tells the borrower. This date will be not more than three months before or two months after the date the lender accepts the borrower’s deferment application. The borrower can end the deferment period at any time. To do this he must tell the lender in writing when to start collecting payments from his bank account.
Annotations
Commencement
- I1
Sch. 2 para. 10 in operation at 1.3.1998, see reg. 1