Section 7
Debtors to be notified of change demand
of Secured Transactions Regulations, 2016
Subsidiary LegislationIn forceProvision 7 of 17
Section 7
A person who is not the sole debtor and who enters a change demand in the register shall, as soon as practicable, give notice in writing to each debtor to whom the financing statement relates of the following matters 6327
(a}
the nature of the amendment sought;
{b)
the ground for the change demand;
(c)
the date on which notice of change demand was entered in the register;
(d)
the collateral to which the change demand relates;
{e}
the financing statement registration number of the financing statement;
{f}
details of Registrar's notification of the outcome of the change demand procedure.