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Personal bank loan agreement – basic terms. This site while the Details should together be read

Personal bank loan agreement – basic terms. This site while the Details should together be read

10. Defaults

You’re in standard if:

(a) you may not spend a payment, or other quantity, on time under this agreement;

(b) you breach every other dependence on this agreement or a supply of any other contract you’ve got with us;

(c) any information you provide us with in trying to get the mortgage is false or, within our opinion that is reasonable; or

(d) you feel bankrupt or insolvent, or have actually an administrator appointed; or

( ag ag ag e) you designate your property to a creditor.

Then, unless we notify you to the contrary, we may bring enforcement proceedings against you in the following circumstances if you are in default:

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