National Consumer Credit Protection Regulations 2010
Form 14—Notice after taking possession oForm 14—Notice after taking possession of mortgaged goods
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Form 14—Notice after taking possession of mortgaged goods
paragraph 102(1)(c) of the Code
regulation 88 of the Regulations
. . . . . . . . . . . . . . .
Date
TO: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(name of mortgagor)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(address of mortgagor)
FROM: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(name of credit provider)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Australian credit licence number)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(address of credit provider)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(name, telephone and address)
This information tells you some of your rights and obligations and some of the options open to you.
Details you should know
Description of the goods: . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Date the goods were taken: . . . . . . . . . . . . . . . . . . . . . . . . . . .
The goods were taken because:. . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The cost of enforcing the mortgage up to the date the goods were taken is $. . . . . . . . . . .
The cost of the goods remaining in the credit provider’s possession is $. . . . . . . . . . .per. . . . . . . . . . . . \*
The credit provider’s estimate of the value of the goods is $. . . . . . . . . . .
How to get the goods back
IF YOU WANT THE GOODS BACK YOU MUST DO ONE OF THE THINGS LISTED BELOW AS SOON AS POSSIBLE. IF YOU DO NOT ACT WITHIN 21 DAYS AFTER THE DATE OF THIS NOTICE, THE CREDIT PROVIDER MAY SELL THE GOODS. IT IS ALSO POSSIBLE THAT THE GOODS MIGHT BE SOLD EARLIER IF THE CREDIT PROVIDER GETS A COURT ORDER.
Either
You can get the goods back if you pay $ . . . . . . . . . and there is no repetition of the default that caused the goods to be taken. This amount of $ . . . . . . . . . . . . . is calculated as follows—
Arrears . . . . . . . . . . . . . $ . . . . . . . . . . . . .
Enforcement expenses . $ . . . . . . . . . . . . .
TOTAL. . . . . . . . . . . . . $ . . . . . . . . . . . . .