s. 77 (b) a security interest under an agreement entered into between the financier and a person who the financier knows is a partner or director of, or a person concerned in the management of, a partnership or body corporate that is a licensed motor car trader. (5) Subsections (1)(e) and (f) do not apply to any S. 76(5) inserted by losses incurred before the date section 32 of the No. 74/1996 Motor Car Traders (Amendment) Act 1996 s. 32(2). came into operation. S. 76(6) (6) In this section means actual pecuniary loss loss inserted by but does not include future loss or consequential No. 17/2007 s. 35. loss. (7) The Committee may require an applicant to seek S. 76(7) inserted by to recover a loss by other means of legal redress No. 17/2007 before allowing a claim. s. 35. 77 Admittance or refusal of claim (1) The Committee may admit or refuse a claim in whole or in part. S. 77(2) (2) The Committee may refuse a claim if it considers repealed by that there has been an unreasonable delay in No. 74/1996 s. 33(1), new making the claim. s. 77(2) inserted by No. 4/2008 s. 25(1). (3) The Committee may refuse a claim by a financier S. 77(3) repealed by under section 76 in relation to a motor car trader if No. 74/1996 s. 33(1), new the financier has not given the required notice to s. 77(3) the Director under section 49 in respect of that inserted by No. 4/2008 motor car trader. s. 25(1). S. 77(3A) (3A) When determining a claim or the amount of a inserted by claim, the Committee may take into account any No. 4/2008 s. 25(1). matters that it considers relevant, including—
(b) a security interest under an agreement entered into between the financier and a person who the financier knows is a partner or director of, or a person concerned in the management of, a partnership or body corporate that is a licensed motor car trader. S. 76(5) inserted by No. 74/1996 s. 32(2). (5) Subsections (1)(e) and (f) do not apply to any losses incurred before the date section 32 of the Motor Car Traders (Amendment) Act 1996 came into operation. S. 76(6) inserted by No. 17/2007 s. 35. (6) In this section loss means actual pecuniary loss but does not include future loss or consequential loss. S. 76(7) inserted by No. 17/2007 s. 35. (7) The Committee may require an applicant to seek to recover a loss by other means of legal redress before allowing a claim. 77 Admittance or refusal of claim s. 77 (1) The Committee may admit or refuse a claim in whole or in part. S. 77(2) repealed by No. 74/1996 s. 33(1), new s. 77(2) inserted by No. 4/2008 s. 25(1). (2) The Committee may refuse a claim if it considers that there has been an unreasonable delay in making the claim. S. 77(3) repealed by No. 74/1996 s. 33(1), new s. 77(3) inserted by No. 4/2008 s. 25(1). (3) The Committee may refuse a claim by a financier under section 76 in relation to a motor car trader if the financier has not given the required notice to the Director under section 49 in respect of that motor car trader. S. 77(3A) inserted by No. 4/2008 s. 25(1). (3A) When determining a claim or the amount of a claim, the Committee may take into account any matters that it considers relevant, including—