QLDIn ForceAct
Credit (Rural Finance) Act 1996
sec.11Other exceptions to s 7
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sec.11 Other exceptions to s 7
Section 7 does not apply to a mortgagee in exercising, or purporting to exercise, a right under a mortgage if— the mortgagee reasonably believes it was induced by fraud by the mortgagor to enter into the mortgage; or the mortgagee has unsuccessfully made all reasonable attempts to find the mortgagor; or the court orders that the mortgagee may take possession of, or sell, the equipment without complying with section 7 .
- (a) the mortgagee reasonably believes it was induced by fraud by the mortgagor to enter into the mortgage; or
- (b) the mortgagee has unsuccessfully made all reasonable attempts to find the mortgagor; or
- (c) the court orders that the mortgagee may take possession of, or sell, the equipment without complying with section 7 .