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toansy26

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  1. hi all i feel it is important to post the exact truth regarding the court cases and the attestation issue as not to give people false hope. logbook loans lost their first tier tribunal case back around november 2010, there was five reasons, one was the attestation issue, they appealed and it was dealt with in july 2011, the appeal judges ruled that the attestaion issue was a substantive issue and of due importance to be dealt with seperately, they did win on a two to one majority! the case on the 17th august one poster refers to is the overall case for logbook losing their licence, they did lose and we are waiting for the written judgement. however this is a totally different issue! the attestaion issue was of significant importance to not only logbook, but to all lenders using bill of sale legislation, of which there is many. The case can be found on BRITISH CASE LAW. Bills of sale are valid on the attestation issue regardless if the agent signs and witnesses the loan, one poster did mention that they may be not valid for other reasons, i read no note of that in their judgement online, but off course they are not valid if proper procedure is not followed, this is what he may be referring to. i hope this clears up this issue.
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