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ASEW · Managing Arrears and Repossessions
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Managing Arrears and Repossessions
Lender obligations when arrears arise, alternatives to possession, Section 36 AJA, the Mortgage Charter, and shortfall liability. ASEW
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Key points
— Important for CeMAP 3 Case Studies
Question 3
Which term matches: "Lender must contact borrower promptly; treat the customer fairly"
Question 4
What does "Written information" mean?
Question 5
Match each term in "Key points" to its meaning
Tap a term, then tap its matching definition.
Question 6
Fill in the blank
______ — Must consider all alternatives to possession before taking action
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What the exam tests
Lender obligations when arrears arise, alternatives to possession, Section 36 AJA, the Mortgage Charter, and shortfall liability. ASEW
Question 8
True or false?
Lender obligations when arrears arise, alternatives to possession, Section 36 AJA, the Mortgage Charter, and shortfall liability