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Disclosure of chattel mortgage to creditor.
[1947, s. 33.]
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35.—(1) It shall be an obligation on every person (in this section referred to as the debtor) who seeks from another person (in this section referred to as the creditor) the grant or continuance of credit to disclose in writing to the creditor (if required in writing by the creditor so to do) whether there is or is not a chattel mortgage subsisting in respect of any of the debtor's stock and the particulars of every (if any) such chattel mortgage.
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(3) Every person who makes in writing a statement in pursuance of this section which is to his knowledge false or misleading in any material respect and every person who, in contravention of this section, discloses any information furnished to him in pursuance of this section shall be guilty of an offence and shall be liable on summary conviction thereof to a penalty not exceeding £50.
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