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The Ísland.is App

If the depositary considers that the applicant no longer qualifies for the payment adjustment law, he/she proposes to cancel the debtor's authorisation to make payment adjustment, for example:

  • because of the applicant's changed circumstances or new information that emerges after the application has been accepted.

  • when the depositary considers that the applicant has not fulfilled his obligations or if the applicant has not made his financial statements adequately clear.

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