{
  "url": "https://openlegislation.uk/independent-qualified-conveyancers-scotland-regulations-1997/regulation-27",
  "json_url": "https://openlegislation.uk/independent-qualified-conveyancers-scotland-regulations-1997/regulation-27.json",
  "legislation": "uksi/1997/316",
  "legislation_title": "The Independent Qualified Conveyancers (Scotland) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/independent-qualified-conveyancers-scotland-regulations-1997",
  "path": "regulation/27",
  "kind": "regulation",
  "number": "27",
  "heading": "Bridging loans",
  "text": "An independent qualified conveyancer shall not enter into or maintain any contract or arrangement with a bank or other lender in terms of which the independent qualified conveyancer may draw down loan or overdraft facilities in his name for behoof of clients unless–\n(a) the independent qualified conveyancer shall in every case before drawing down any sums in terms of such contract or arrangement have intimated to the bank or other lender–\n(i) the name and present address of the client for whom the loan or overdraft facilities are required; and\n(ii) the arrangements for repayment of the loan or overdraft facilities; and\n(b) the contract or arrangement does not impose personal liability for repayment of any such loan or overdraft facilities on the independent qualified conveyancer.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/316/regulation/27",
    "retrieved_at": "2026-10-29T12:25:43.789233+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}