Showing results for tags 'loan agreement'.
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Hi, I had a few questions on loan agreements. I was considering lending a large sum of money by virtue of a loan agreement (commercial purposes). However, I am unsure as to its enforceability and I am concerned about this. I was considering putting a clause under enforceability that enters into a secured loan agreement of property. My question is that how do I enforce this clause if for example, the borrower ends up selling the property without me knowing. Will just mentioning the secured loan in the agreement be sufficient or do I have to take other steps?
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- consumer credit act 1974
- enforceability
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