[86E Notice of default sums]

[86E  Notice of default sums]

[(1)     This section applies where a default sum becomes payable under a regulated agreement by the debtor or hirer.

(2)     The creditor or owner shall, within the prescribed period after the default sum becomes payable, give the debtor or hirer a notice under this section.

(3)     The notice under this section may be incorporated in a statement or other

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