If a borrower defaults on a regulated credit agreement, a creditor must issue a default notice before it can enforce the agreement. However, a question often asked is what is the position if a creditor wants to take enforcement steps against an individual who has provided a guarantee and/or an indemnity under the agreement? Is a default notice required? Click here to read more via our Talking Recovery blog.


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This blog is intended only as a synopsis of certain recent developments. If any matter referred to in this blog is sought to be relied upon, further advice should be obtained.