Your Legal Eye:
 
Do you know that the lender shall discharge or cause a discharge of a registration of collateral with the collateral registry within 5 days of the borrower paying off the credit facility and there is not a commitment to make a future advance? Section 30(3) of Borrowers and Lenders Act, 2020 (Act 1052).
 
Astute Legal Legends
(ALL Chambers)

Leave comment

ALL Chambers

We are a leading law firm of advocates and solicitors, corporate consultants and notaries public. We are committed to delivering efficient and effective legal solutions to our clients.

Follow Us

Get In Touch

Why do you need a Will and What does it entail?

error: Content is protected !!