QLDIn ForceRegulation
Uniform Civil Procedure Rules 1999
sec.837Reserve price provisions
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### sec.837 Reserve price provisions
To set an amount as a reasonable value of the property to be sold, the enforcement officer may require the enforcement creditor to provide any information about the property that is known to, or can reasonably be obtained by, the enforcement creditor.
If the enforcement creditor fails to comply with the enforcement officer’s request, the enforcement officer may refuse to proceed with the sale.
The enforcement officer may communicate the amount set as a reasonable value of property to any person before the sale only if the communication is necessary to conduct the sale or there is another sufficient excuse.
(sec.837-ssec.1) To set an amount as a reasonable value of the property to be sold, the enforcement officer may require the enforcement creditor to provide any information about the property that is known to, or can reasonably be obtained by, the enforcement creditor.
(sec.837-ssec.2) If the enforcement creditor fails to comply with the enforcement officer’s request, the enforcement officer may refuse to proceed with the sale.
(sec.837-ssec.3) The enforcement officer may communicate the amount set as a reasonable value of property to any person before the sale only if the communication is necessary to conduct the sale or there is another sufficient excuse.