Acceptance by guarantor of extension of guarantee to a new credit contract
|Author(s) :||Andrea Beatty; Andrew Smith; James Moore of HWL Ebsworth|
|Short Description :||This precedent sets out a guarantor's written acceptance that a previous guarantee may apply to a new credit contract, as required by s 59(1) of the National Credit Code.|
|Format :||Word document delivered by email
Page length: 1
|Published :||August, 2012|
The precedent includes brief author notes about relevant provisions of the National Consumer Credit Protection Act 2009 (Cth).
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• Default notice (not an on demand facility)
• Default notice (on demand facility)
• Guarantee of loan contract
• Notice to guarantor of change in the terms of a credit contract
Andrea Beatty, HWL Ebsworth
Andrea Beatty is a partner in HWL Ebsworth's Regulatory & Financial Services Group. She practises in regulatory and financial services including corporate, and is the national team leader of advisory, payment systems, retail and electronic banking, privacy and banking law.
Andrea has been recognised for her skills in relation to financial institutions and regulatory law in the Australian Financial Review's Best Lawyers 2012 Awards.
James Moore, HWL Ebsworth
James Moore is a Partner of the Regulatory and Financial Services Group at HWL Ebsworth lawyers based in Sydney. James' major specialisation is the laws, entities and relationships that define the financial sector and the development and management of financial products.
James assists a wide range of financial and other institutions with practical and commercial advice in these areas, helping to manage existing products and to develop new products and relationships.
James has particular expertise in consumer financial products (including the National Credit Code, credit licensing and financial services regulation), anti-money laundering, unfair contract terms regulation, personal property securities, payment systems and electronic commerce, banking system regulation, privacy law and plain English drafting.