Section 41: Establishment of a mediation and dispute resolution panel

(1) There is established under this Act a Mediation and Dispute Resolution Panel (in this Act referued to as "the Panel")
(2) The Panel shall serve as the first resource for mediation and settlement over any civil dispute which may arise between the Creditor and the Grantor in the course of implementing this Act.
(a) hand;
(b) courier service;
(c) electronic mail;
(d) registered mail; or
(e) any other means agreed to under the Security Agreement.
(3) The Governor shall issue guidelines that will set out the modalities and regulate the functioning ofthe Panel:Provided, that in exercising the power granted in subsection (3), the Governor shall ensure that three (3) persons shallconstitute the membership of any panel set up to arbitrate on any civil
dispute under this Act.
(a) take possession of the Collateral; or
(b) without taking possession, render the Collateral inoperative.