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Amendment of section 115A of Principal Act
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14. Section 115A of the Principal Act is amended—
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(a) in subsection (2), by the substitution of “28 days” for “14 days”,
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(b) in subsection (5), by the substitution of “, whether before or after” for “before”, and
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(c) in subsection (18) by the substitution of the following paragraph for paragraph (b):
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“(b) in respect of which the debtor—
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(i) is in arrears with his or her payments, or
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(ii) having been in arrears with his or her payments, has entered into an alternative repayment arrangement with the secured creditor concerned.”.
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