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This Act makes provision with respect to agreements for the purposes of lending money and related matters such as debt recovery. A “credit agreement” means an agreement in the nature of a credit facility, a credit transaction, a secured credit guarantee, any combination of these or any other agreement that relates to a transaction, regardless of its form that creates a security interest in movable property to secure all types of obligations, present or future, determined or determinable. A “lender” means a commercial bank or other financial institution licensed by the Bank of Sierra Leone and who, as part of business enters into a credit agreement by advancing loans and other credit facilities including – (a) micro credit facilities; (b) selling goods on credit; (c) providing services on credit; and (d) a financial lessor. The Act also concerns interests affecting land (mortgages) or goods (liens).