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Repossession order
REPOSSESSION ORDER

Definition: (British) If a bank or building society issues a repossession order, they officially tell someone that they are going to repossess their home.
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* All seven elements should be in.


1. Purposeful and necessary, especially for the issuer.

2. Issuance will be in line with conditions guiding a facility.

3. Order will be detailed and complete - correct dates, address, etc.

4. (Reserved.) (There will be a readiness to carry out the 'threat'.)

5. No law or authority can intervene to render order inoperable.

6. Order won't be sacrosanct; can be withdrawn, but only if necessary.

7. Serves purpose(s), whether rescinded later or executed in the end.
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