LCRO 60/2016 MO v Standards Committee (27 September 2018) [pdf, 174 KB]
...Committee that a valuation as required by para 8 sch 4 to the Rules was not required on renewal of a loan and that was addressed by the Committee in its decision. In the applications for review the lawyers included the same issue: “LCN Rules do permit differentiation between initial loans and later renewals”. [22] However, Mr QV advised in his written and oral submissions for the review hearing that the “position was not maintained in this review”.