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  1. Dan_p

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    Sounds like a good way to get a country into a communist position if it happened on mass.
  2. Dan_p

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    What about a car? BAnk lends you the money for a car worth $25,000 You go and buy the car and drive it out of the car yard and it is instantly worth a lot less. I dont think the bank cares whether it is worth less then the loan amount, they would be more concerned whether you are...
  3. Dan_p

    NCCP Act 2009: Lenders not permitted to 'call in' loans unless borrower is in default

    It would be un-constitutional. I do have a legal background after watching the castle
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