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Unfair contract terms - undertakings
the Original terms were pretty lengthy in themselves unlike the banks
''
48. Any agreed overdraft facility can be immediately withdrawn by us.
50. All authorised overdrafts are repayable on demand. ''
NEW TERMS (NAB undertaking to OFT)
14.5.1 We may reduce the amount available in the overdraft facility or remove it entirely for any of the following reasons:
i. we are required to do so by the order of any Court;
iv. if there are two or more of you and we are notified by one of you that there is a dispute between you.
the Original terms were pretty lengthy in themselves unlike the banks
''
48. Any agreed overdraft facility can be immediately withdrawn by us.
50. All authorised overdrafts are repayable on demand. ''
NEW TERMS (NAB undertaking to OFT)
14.5.1 We may reduce the amount available in the overdraft facility or remove it entirely for any of the following reasons:
i. we are required to do so by the order of any Court;
- ii. we become aware that your circumstances have changed since the overdraft limit was set and that it is reasonable to reduce the overdraft to reflect that change;
- iii. the property on which the loan is secured has significantly diminished in value;
iv. if there are two or more of you and we are notified by one of you that there is a dispute between you.
