Part 7Keeper's warranty
Claims under warranty
I179Claims under warranty: quantification of compensation
1
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).