List what a statement of account after seizure or disposal must show
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the seizure date, any disposal, and any request, list the section 132 deadline and the figures the statement must show. The tool does not write the statement.
- What the lawyer must review
- The lawyer decides who must receive a statement and writes it. Section 144, section 128, section 129 and section 293 were not opened.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the seizure date, any disposal, and any request, list the section 132 deadline and the figures the statement must show. The tool does not write the statement. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- A statement after disposal is given on request, within 20 business days, unless a further reasonable period applies. Do not start the 20 days before the request.
- A statement where there has been no disposal is also on request, for each 6 month period after seizure, and it must say the collateral has not been disposed of.
- The tool lists the required figures. It does not write the statement. This is not the notice given before disposal.
Sources
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.