Log Book Loan / Bill of Sale / CCA Question

[busby1977]

If there are differeing amounts on the Bill of Sale and the Credit Agreement, is either one void?

[busby1977]

Re: Log Book Loan / Bill of Sale / CCA Question

Anyone???

[MissFM]

Re: Log Book Loan / Bill of Sale / CCA Question

Hi Busby

You probably need to give a little more detail to get any meaningful guidance on this. Will pm someone who'll know the answer :tinysmile_twink_t2:

[Guest]

Re: Log Book Loan / Bill of Sale / CCA Question

Hi

Any credit issued must be regulated and take the form of an executed agreement. The agreement should have been issued at the same time as the BOS and the respective credit figures should tally.

As said we could do with more detail can we see the documents(suitably redacted), also was there any further advances subsequent to the initial execution of the loan.

[busby1977]

Re: Log Book Loan / Bill of Sale / CCA Question

Sorry, Not sure what you mean by "also was there any further advances subsequent to the initial execution of the loan"

Hopefully you can see the attched images?

[busby1977]

Re: Log Book Loan / Bill of Sale / CCA Question

edited as my details were visible

[wales01man]

Re: Log Book Loan / Bill of Sale / CCA Question

Is that APR real?

[busby1977]

Re: Log Book Loan / Bill of Sale / CCA Question

unfortunatley yes

[Guest]

Re: Log Book Loan / Bill of Sale / CCA Question

Hi

Have you checked the registration of this BOS ?

[busby1977]

Re: Log Book Loan / Bill of Sale / CCA Question

Im waiting to hear back about it. But there is no independant witness to the bill of sale. The manager of mobile money signed it.

[Guest]

Re: Log Book Loan / Bill of Sale / CCA Question

Sorry, Not sure what you mean by "also was there any further advances subsequent to the initial execution of the loan"

Hopefully you can see the attched images?

Its Ok. There have been cases where a further advance has been made and a modified credit agreement issued. doesn't apply in your case.

You are correct in that the BOS should be independently witnessed.