Law library · Sierra Leone · The Borrowers and Lenders Act, 2014
Section 11, The Borrowers and Lenders Act, 2014
Status not yet checkedThe Borrowers and Lenders Act, 2014, Sierra Leone
(1) The information contained in a registration form of asecurity interest shall be expressed in English with the exception of
the names and addresses of the borrower, the lender or the lender’s
representative.
(2) Subject to subsection (2) of section 16 of the Act, a
registration form of a security interest shall contain the following
information in the relevant designated field-
Period of
effectiveness
of registered
collateral.
Copy of
registered
8 9
Information.
Brorrower’s
authorisation
fo r
registration.
(a) the identity of the borrower, that is a number
determined subject to Regulation 12 and the
name of the borrower;
(b) the identity of the lender, determined subject
to Regulation 13;
(c) a description of the collateral subject to
section 11 of the Act;
(d) a statement of the maximum amount, secured
by the security interest;
(e) an indication that the registration relates to
interest of a judgment creditor, where
applicable;
(f) an indication that the registration relates to
a prior security interest, subject to section
52 of the Act;
(g) the period of effectiveness of the registered
security interest; and
(h) any other information required by the
Registrar.
PART IV – DESCRIPTION OF REGISTRANT AND ASSET
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