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Paragraph 15 I1

Northern Ireland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

If the borrower does not make a repayment under the agreement when it is due, the lender may ask him to repay the loan in full immediately. The lender may do this even if the borrower’s obligation to make other repayments is currently deferred.

Annotations

Commencement

I1

Sch. 2 para. 15 in operation at 1.3.1998, see reg. 1