s. 139 them a reasonable opportunity to be heard and making such other inquiries as the Director thinks fit, determine whether or not to seek to arrange with the credit provider a variation of the contract of guarantee, and where he seeks such a variation and is unable to reach agreement with the credit provider, the Director shall refer the application to the Tribunal. S. 139(5) (5) The Tribunal may, where it receives an amended by application referred to it under subsection (4) and No. 52/1998 s. 24(2). has given the applicant, the credit provider and any mortgagee an opportunity to be heard, order, or refuse to order, a variation of the contract to which the application relates and, where it orders such a variation, may make such other orders as it thinks fit. (6) Where an order of the Tribunal under S. 139(6) amended by subsection (5) is in force in relation to a contract No. 52/1998 of guarantee, a credit provider under the regulated s. 24(1). contract to which the contract of guarantee relates may apply to the Tribunal for a variation of the order. S. 139(7) (7) The Tribunal may, where it receives an amended by application under subsection (6), make such No. 52/1998 variation of the order to which the application s. 24(2). relates as it thinks fit or may refuse to vary the order. (8) An order in force under this section, and such an order as varied from time to time, has effect according to its tenor. (9) Where the Director and the credit provider are S. 139(9) amended by unable to reach agreement under subsection (4) in No. 52/1998 s. 24(1). relation to a contract of guarantee, the credit provider shall not institute proceedings, or exercise a right, under the contract, or a mortgage that relates to the contract, before the Tribunal has made or refused an order under subsection (5).
them a reasonable opportunity to be heard and making such other inquiries as the Director thinks fit, determine whether or not to seek to arrange with the credit provider a variation of the contract of guarantee, and where he seeks such a variation and is unable to reach agreement with the credit provider, the Director shall refer the application to the Tribunal. S. 139(5) amended by No. 52/1998 s. 24(2). (5) The Tribunal may, where it receives an application referred to it under subsection (4) and has given the applicant, the credit provider and any mortgagee an opportunity to be heard, order, or refuse to order, a variation of the contract to which the application relates and, where it orders such a variation, may make such other orders as it thinks fit. S. 139(6) amended by No. 52/1998 s. 24(1). (6) Where an order of the Tribunal under subsection (5) is in force in relation to a contract of guarantee, a credit provider under the regulated contract to which the contract of guarantee relates may apply to the Tribunal for a variation of the order. S. 139(7) amended by No. 52/1998 s. 24(2). (7) The Tribunal may, where it receives an application under subsection (6), make such variation of the order to which the application relates as it thinks fit or may refuse to vary the order. s. 139 (8) An order in force under this section, and such an order as varied from time to time, has effect according to its tenor. S. 139(9) amended by No. 52/1998 s. 24(1). (9) Where the Director and the credit provider are unable to reach agreement under subsection (4) in relation to a contract of guarantee, the credit provider shall not institute proceedings, or exercise a right, under the contract, or a mortgage that relates to the contract, before the Tribunal has made or refused an order under subsection (5).
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