Section 17, The Borrowers and Lenders Act, 2014

(1) A lender shall register an amendment form to aregistered security interest where- (a) the amendment exceeds the scope of the borrower’s authorisation; or (b) the credit agreement has been revised to delete some collateral or to reduce the maximum amount indicated in theregistered (2) Where a lender fails to comply with the borrower’s written request to register an amendment form within 15 working days after his receipt of the request, the borrower shall be entitled to initiate legal proceedings for an order for the compulsory registration of the amendment. (3) A lender shall not charge or demand any fee for complying with his obligations under paragraph (a) of sub-regulation (1). (4) An amendment form under sub-regulation (2) shall be registered by the Collateral Registry without delay upon receipt of the form with a copy of the relevant order. PART VI – DISCHARGE