I'm most probably wrong but, according to my understanding, Mortgages or Further Advances that are secured on land are exempt under the Consumer Credit Act.(section 16)
However if part of the mortgage or Further Advance is to refinance a secured loan or existing debt that was covered by the CCA, isn't this a modifying agreement which means that section 82 can be used?
However if part of the mortgage or Further Advance is to refinance a secured loan or existing debt that was covered by the CCA, isn't this a modifying agreement which means that section 82 can be used?
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