Section 5: Prohibited transactions
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
5. Prohibited transactions
(1) No person shall enter into a credit agreement which contravenes this
Act.
(2) Any agreement relating to the grant of a credit facility or to the pledging of an immovable property as security for its repayment, which is inconsistent with this Act, shall, to the extent of the inconsistency, be void.
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Questions this section answers
- Is a credit agreement that breaks this Act legally valid?