Sentences with phrase «default of payment»

Interest rates offered are typically based on the perceived risk that the borrower may be delinquent or in default of payments of the loan.

But a person with history of various defaults of payment may not be able to prove his innocence.

This guarantees payment of the outstanding balance of a mortgage in situations where the borrower goes into default of their payments.

As will be seen, the purpose of imposing imprisonment in default of payment is to give serious encouragement to offenders with the means to pay a fine to make payment.

That on default of payment of the interest secured by the charge, the principal money shall, at the option of the chargee, become payable.

The UK could ignore those judgments but it would have to deal with their potential consequences internationally - i.e. possible seizure of state assets in default of payment of fines etc..

Any type of student loan, regardless if federal or private, can result in garnishing your wages when under default of payments.

That the chargee on default of payment for the number of days specified in the charge or in the Mortgages Act, whichever is longer, may on giving the notice specified in the charge or required by that Act, whichever is longer, enter on and take possession of, receive the rents and profits of, lease or sell the land.

That is very tempting to any prosecutor, particularly bearing in mind the considerable powers afforded in confiscation proceedings, such as time to be served in default of payment on top of any sentence for the original offence.

(c) the licensee or the authorisation holder is in default of payment of a fee or other money, charged or imposed in furtherance of this Act, the National Communications Authority Act, 2008 (Act 769) or Regulations

(b) The licensee or the authorisation holder has failed to comply materially with a lawful direction of the Authority, (c) The licensee or the authorisation holder is in default of payment of a fee or other money, charged or imposed in furtherance of this Act, the National Communications Authority Act, 2008 (Act 769) or Regulations

In the case of default of payment, the Hotel is entitled to charge consumers interests in the amount of 5 per cent above the base rate.

(2) If the imposition of a fine or the making of an order for the payment of money is authorized by law, but the law does not provide that imprisonment may be imposed in default of payment of the fine or compliance with the order, the court may order that in default of payment of the fine or compliance with the order, as the case may be, the defendant shall be imprisoned for a term of not more than two years less a day.

191 (1) Where a person is in default of payment of a fine imposed upon conviction for an offence against this Act, the Nutrient Management Act, 2002, the Ontario Water Resources Act, the Pesticides Act, the Safe Drinking Water Act, 2002, the Toxics Reduction Act, 2009 or the regulations made under any of them, on the application of the Director, an order may be made under subsection 69 (2) of the Provincial Offences Act directing that, until the fine is paid,

A confiscation order continues to have effect even though a sentence of imprisonment in default of payment had been served.

Quebec Foreclosure Process starts when a mortgage holder is in default of payment.