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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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