S. 79 in force at 8.12.2014 by S.S.I. 2014/127, art. 2

http://www.legislation.gov.uk/asp/2012/5/section/79/2014-12-08Land Registration etc. (Scotland) Act 2012An Act of the Scottish Parliament to reform and restate the law on the registration of rights to land in the land register; to enable electronic conveyancing and registration of electronic documents in the land register; to provide for the closure of the Register of Sasines in due course; to make provision about the functions of the Keeper of the Registers of Scotland; to allow electronic documents to be used for certain contracts, unilateral obligations and trusts that must be constituted by writing; to provide about the formal validity of electronic documents and for their registration; and for connected purposes.texttext/xmlenStatute Law Database2024-05-15Expert Participation2014-12-08Part 7Keeper's warrantyClaims under warranty
79Claims under warranty: quantification of compensation1

Compensation payable by virtue of section 77(1)—

a

is, in so far as it is not compensation mentioned in paragraph (b), to be quantified as at the date on which the inaccuracy giving rise to the claim is rectified, and

b

is to include—

i

reimbursement of reasonable extra-judicial legal expenses, and

ii

compensation for any other consequential loss.

2

Interest on a sum so payable runs from the date mentioned in subsection (3) until the sum in question is paid.

3

The date is—

a

where the sum is payable other than by virtue of subsection (1)(b), the date mentioned in subsection (1)(a),

b

where the sum is payable by virtue of subsection (1)(b)(i), the date on which the claimant paid the sum in question, and

c

where the sum is payable by virtue of subsection (1)(b)(ii), the date on which the loss was sustained.

4

The Scottish Ministers may by regulations make provision as to the rate of interest payable by virtue of subsection (2).

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