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Area of Law
Author
Default notice (on-demand facility)

Default notice (on-demand facility)

Margow, E, 2017

Available Formats

Format ISBN Price
Precedent 0000688568 $60.45

Description

This precedent is a default notice for an on-demand facility. This default notice for an on demand facility complies with section 88 of the National Credit Code. It is important for the drafter to acquaint themselves with the provisions of section 88, as well as to customise this notice taking into account the unique facts that apply to the relevant credit provider and debtor.


To preview the precedent, click here.


Document length: 3 pages


Related products (all with guidance notes)

o Default notice (not an on demand facility)
o Statement of payout figure
o Statement of conditions of postponement
o Continuing credit contract - offer by debtor to credit provider


This precedent is also available via subscription to the Precedents – Banking and Finance Law Suite – Consumer Credit Bundle

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