10. Import of forms of, and certain clauses in, standard security.
11. Effect of registered or recorded standard security, and incorporation of standard conditions.
20. Exercise of rights of creditor on default of debtor in complying with a calling-up notice.
23. Rights and duties of parties after service of notice of default to which objection is not taken, or where the notice is not set aside.
23A.Voluntary surrender of residential property following calling-up notice or notice of default
24. Application by creditor to court for remedies on default.
24B.Section 24(1B) applications: application to court by entitled residents
Part III Provisions as to Heritable Securities
35. Power of creditor in bond and disposition in security to sell to include power to sell by private bargain.
36. Alteration of periods during which sale of land held in security is to be advertised.
40. Discharge of heritable security constituted byex facieabsolute conveyance.
41. Restriction on effect of reduction of certain discharges of securities.
42. Extension of s. 13 to certain existing forms of heritable securities.
SCHEDULES
.
Note 1 .—The security subjects shall be described sufficiently to...
Note 2.—Where the grantor has not a recorded title to...
Note 3.—Where the grantor of a standard security to be...
Note 4.—Where it is desired to vary any of the...
(As regards future variations, see section 16 of, and Form...
Note 5.—Where the security subjects are burdened by any other...
Note 6.—Where a standard security is granted in Form A...
Note 7.—In the case of a standard security for a...
+Note 8— In the case of a traditional document, subscription...
2. Completion of buildings etc. and prohibition of alterations etc.
3. Observance of conditions in title, payment of duties, charges, etc., and general compliance with requirements of law relating to security subjects.
7. General power of creditor to perform obligations etc. on failure of debtor and power to charge debtor.
12.The debtor shall be personally liable to the creditor for...
Forms of Deeds of Assignation, Restriction, &c.
FORM A Assignation of Standard Security
I, A.B. (designation), in consideration of £ hereby assign to...
With interest from ........................ Testing clause+
[To be endorsed on the standard security]
As above save that instead of the words “a standard...
FORM C Restriction of Standard Security
I, A.B. (designation), in consideration of (specify consideration, if any)...
Testing clause+
FORM D Combined Partial Discharge and Deed of Restriction of Standard Security
I, A.B. (designation) in consideration of £ paid by C.D....
Testing clause+
FORM E Variation of Standard Security
[To be endorsed on the standard security]
I, A.B. (designation), agree that the foregoing standard security granted...
Testing clause+
FORM F Discharge of Standard Security
I, A.B. (designation), in consideration of £ (where the security...
Testing clause+
[To be endorsed on the standard security]
As above save that instead of the words “a standard...
Note 1.—Where the grantor of an assignation, discharge or deed...
Where the grantor of an assignation, discharge or deed of...
Note 2.—In an assignation, discharge or deed of restriction, (1)...
Note 3.—If the original title to a standard security has...
Note 4.—If part of the security subjects has already been...
Note 5.—The variation docket Form E of this Schedule shall...
Note 6.—Where the grantor of a variation docket does not...
+Note 7— In the case of a traditional document, subscription...
FORM A NOTICE OF REDEMPTION OF STANDARD SECURITY
To A.B. (address)
TAKE NOTICE that on .................. (state date of repayment) C.D....
(To be signed by the debtor, or proprietor, or by...
In the case of a standard security for a non-monetary...
I, A.B., above named, hereby acknowledge receipt of the Notice...
(To be signed by the creditor, or by his agent,...
Notice of Redemption, of which the foregoing is a copy,...
(To be signed by the debtor, or proprietor, or by...
I, A.B. (designation) (solicitor) certify that consignation of the whole...
STANDARD SECURITY for £ (or a maximum of £; in...
AMOUNT CONSIGNED £, being £ of principal, £ of interest...
BANK IN WHICH CONSIGNED (specify bank or branch of bank...
Testing clause+
+Note— In the case of a traditional document, subscription of...
I, A.B. (designation) (solicitor) certify that a decree of declarator...
STANDARD SECURITY by C.D. in favour of E.F. registered in...
DECREE OF DECLARATOR by the Sheriff of .................. at .....................
Testing clause+
+Note— In the case of a traditional document, subscription of...
Procedures as to Calling-up and Default
To the Occupier ( address )
A Notice of Calling-up of a standard security/ Default under...
If you are a tenant of A.B., in certain circumstances...
If you are the spouse or partner of A.B., the...
( delete as appropriate )
If you wish to make such an application, you should...
Dated
( Signature of C.D., or signature and designation of C.D.’s...
I, A.B., above named, hereby acknowledge receipt of the foregoing...
Dated this .................. day of ........................
(To be signed by the person on whom notice is...
Notice of (Calling-up) (Default), of which the foregoing is a...
(To be signed by the creditor, or by his agent,...
To the Occupier ( address )
C.D. ( designation ) has applied to the court under...
If you are a tenant of A.B. ( or, if...
If you are the spouse or partner of A.B., the...
Dated
( Signature of C.D., or signature and designation of C.D.’s...
The Titles to Land Consolidation (Scotland) Act 1868
8.Section 119 (Explanation of clauses in Schedule (FF) No. 1—Form...
10.Section 122 (Creditors selling to count and reckon for the...
11.Section 123 (Disburdening of lands on sale and after consignation...
12.Section 124 (Prescription of form of transfer of securities).
13.Section 132 (Renunciation or discharge of heritable security).
15.Section 138 (Use of short clauses of consent to registration)....
The Conveyancing (Scotland) Act 1924
25.Section 24 (Assimilation of forms for registered leases).
27.Sections 28 to 30 (Provisions dealing with the assignation, discharge...
28.Section 31 (Description of lands and deduction of title unnecessary...
29.Section 32 (Redemption of bond and disposition in security).
30.Sections 33-39 (Provisions relating to calling up bond and disposition...
31.Section 42 (Mode of disburdening land sold by creditor under...
Discharge of Heritable Security Constituted by Ex Facie Absolute Conveyance
Note 1.—The discharge may be separate or endorsed on the...
Note 2.—Where the grantor of the discharge is not the...
Note 3.—Where the grantor of the discharge is not the...
+Note 4— In the case of a traditional document, subscription...
Minor and Consequential Amendments