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So, that is it—nice and simple. I will go to my bank tomorrow and say that I do not have to pay off my mortgage because the bank has already given me the money and it does not need it back.
After we have consulted on them, we will lay revised regulations.It is not a case of saying that we will have up-to-date development plans by a certain date.
We took evidence from representatives of the banks. For example, at Dunkeld we had the Royal Bank of Scotland, and the Bank of Scotland has been at the committee in the past.
Perhaps selling one house that is owned by the debtor might solve the problem for the creditor without destroying the business.The proposed land attachment might be welcomed by some creditors. It is unlikely that banks will be interested in the new form of diligence because in many cases banks and building societies ...
If the regulation does not say what the mechanism for appeal is and what the specified dates are, it will be difficult for anyone—layman or lawyer—to work out what action they should take and when.