Draft Common Frame of Reference:IX. — 7:204 Encumbrance of a right to payment

Draft Common Frame of Reference

IX. — 7:204 Encumbrance of a right to payment

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

(1)

Where the encumbered asset is a right entitling the security provider to payment from a third party debtor, the secured creditor may exercise the rights under this Chapter only if the secured creditor:

(a)

sends to the third party debtor:

(i)

where the security provider is a consumer, a copy of an enforcement notice complying with all the requirements of IX. — 7:107 (Enforcement notice to consumer); and

(ii)

in other cases, an enforcement notice complying with paragraph (2)(a) and (d) of that Article; and

(b)

informs the third party debtor as precisely as possible in the circumstances of the nature, amount and maturity of the security provider's right to payment against the third party debtor.

(2)

The third party debtor is obliged to inform the enforcing secured creditor about the amount and maturity of competing rights of other secured creditors known to the third party debtor.

Deze functie is alleen te gebruiken als je bent ingelogd.