sec.17IMaximum amount mortgagee may recover

sec.17I Maximum amount mortgagee may recover

This section applies— if the mortgagee does not return the farm equipment to the mortgagor; and whether or not the mortgagor gives the mortgagee notice under section 17D . The mortgagee may not recover an amount under the mortgage, by judgment, order or otherwise, that is more than the net amount payable less the total of the repossession value and the actual payments. s 17I ins 2002 No. 52 s 10 (sec.17I-ssec.1) This section applies— if the mortgagee does not return the farm equipment to the mortgagor; and whether or not the mortgagor gives the mortgagee notice under section 17D . (sec.17I-ssec.2) The mortgagee may not recover an amount under the mortgage, by judgment, order or otherwise, that is more than the net amount payable less the total of the repossession value and the actual payments.

• (a) if the mortgagee does not return the farm equipment to the mortgagor; and
• (b) whether or not the mortgagor gives the mortgagee notice under section 17D .