Notice to guarantor of change in the terms of a credit contract
|Author(s) :||Andrea Beatty; Andrew Smith; James Moore of HWL Ebsworth|
|Short Description :||This is a precedent notice to a guarantor, where the terms of a credit contract have changed and the guarantor's acceptance of increased liabilities is required.|
|Format :||Word document delivered by email within 24 hours
Page length: 1
|Published :||August, 2012|
The notice also provides for the guarantor's acceptance of increased liabilities due to the change in the credit contract.
The precedent includes brief author notes about relevant provisions of the National Consumer Credit Protection Act 2009 (Cth).
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• Acceptance by guarantor of extension of guarantee to a new credit contract
• Guarantee of loan 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.