Secured Transactions Regulations, 2016 · s 7

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s 7Debtors to be notified of change demand

A person who is not the sole debtor and who enters a change demand in the register shall, as soon as practicable, give notice in writing to each debtor to whom the financing statement relates of the following matters 6327

(a}

the nature of the amendment sought;

{b)

the ground for the change demand;

(c)

the date on which notice of change demand was entered in the register;

(d)

the collateral to which the change demand relates;

{e}

the financing statement registration number of the financing statement;

{f}

details of Registrar's notification of the outcome of the change demand procedure.