Common use of FICA Clause in Contracts

FICA. 22.1 The purchaser acknowledges that he/she/it is aware of the following: 22.1.1 the provisions of the Financial Intelligence Centre Act, Number 38 of 2001 (hereinafter the “FIC Act”); and 22.1.2 by acquiring property and mortgage finance, the conveyancers are obliged to comply with the appropriate provisions of the FIC Act. 22.2 The purchaser accordingly agrees to grant the conveyancers and attorneys attending to the registration of a mortgage bond on their behalf, full co-operation and disclosure in order for them to meet their obligations as set out in this clause 22.

Appears in 4 contracts

Samples: Sale Agreement, Sale Agreement, Sale Agreement

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