Credit (Rural Finance) Act 1996
sec.17GEffect of breaches being remedied
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sec.17G Effect of breaches being remedied
This section applies if— the farm equipment is returned under section 17E ; or section 17F applies and the mortgagor remedies the breach mentioned in a notice given under section 17F (2) (a) within 14 days, or the longer period stated in the notice, after the notice is given. The mortgage operates as if a breach had not occurred and the mortgagee had not taken possession of the farm equipment. s 17G ins 2002 No. 52 s 10 (sec.17G-ssec.1) This section applies if— the farm equipment is returned under section 17E ; or section 17F applies and the mortgagor remedies the breach mentioned in a notice given under section 17F (2) (a) within 14 days, or the longer period stated in the notice, after the notice is given. (sec.17G-ssec.2) The mortgage operates as if a breach had not occurred and the mortgagee had not taken possession of the farm equipment.
- (a) the farm equipment is returned under section 17E ; or
- (b) section 17F applies and the mortgagor remedies the breach mentioned in a notice given under section 17F (2) (a) within 14 days, or the longer period stated in the notice, after the notice is given.