This includes the situation where a letting agent acting for the landlord receives a tenancy deposit, irrespective of whether the funds have cleared. h޴X�o�8�W�c�CE�)�P��� �l�ع�n6X0��%�������ȏ4�b��0d�f>���C ��� 3����d6�P*����,��6L Only at that point can we understand whether we’re the right people to help you. This agreement is suitable for both insured scheme (launched 1 April … › The amount of the deposit. Copyright© Helix Law. Dependants' Protection Scheme (DPS) Term Life Insurance Affordable term-life insurance that automatically covers all Singapore Citizens and Permanent … DepositGuard. You can use our prescribed information template, here. Further fixed terms, culminating in 12 month fixed term from July 2011. 1. The DPS will Dispute Service – Landlords Only – AST | Landlord Forms, Letters and Templates - […] Guild landlords get deposit … The DPS will provide the confirmation detailed in section 14 of these Terms and Conditions but The DPS cannot provide the Prescribed Information on behalf Deposit kept with DPS and prescribed information eventually provided in October 2008. The scheme will then arbitrate and determine the appropriate repayment of the remaining £200. Failure to meet these legal requirements could cost the landlord up to … The Landlord must give the Tenant(s) the opportunity to check and sign the Prescribed Information by way of confi rmation that it is correct. Register the deposit . Printer-friendly, Scheme Leaflet. The reason for this is that we value long term relationships and we’re happy to speak with business people, to invest our time in understanding your business and whatever your concerns are. When does the prescribed information need to be re-issued? It would seem only cosmetic changes though so this is a minor update. We recommend you read this template along with the mydeposits Information for … Prescribed Information Template Your landlord or agent must provide you with key information about your deposit’s protection, called the Prescribed Information. Change of tenant (For example if one tenant moves out and is replaced) Change of landlord (For example if the landlord sells the property to another landlord) Change of scheme (For example if you were leaving the Insured scheme … Overview of how the Scheme works Prescribed information is information landlords, who have taken a tenancy deposit, need to serve on their tenants about the tenancy deposit protection scheme they have used to protect the deposit money. As part of a tenancy agreement, since the 6th April 2007, it’s the law that all tenancy deposits must be protected by a custodial scheme. 6 fixed terms but only one lot £deposit handed over. What prescribed information should landlords provide Tenants have a right to receive prescribed information that sustains essentials and contacts regarding the deposit, the tenancy, and rented property. TDS Insured * 1.8.5 Amended to reflect other agreements by removing the word "tenant" and changed terms and conditions to Insured Scheme Rules * 1.8.7 Amended from scheme provides to TDS Insured Scheme Rules. Plus information about the deposit and the tenancy. May 2014 – 12 month fixed term tenancy. A 2. This agreement is suitable H�lP��@��+z�k�W�W�&~������.D���tڝ郔CB:� �LYm�S�dph�R�$�D"GE��#c�M��i�X����\�Z�u�#�W.x��yv��è�:u��ocYi��d��X�K�w��:&��^�SA�awh�2��R�5ZeR����������` X�E, The prescribed information is set out in the Housing (Tenancy Deposits) (Prescribed Information) Order 2007. Under this scheme, once the tenant pays the deposit, the landlord or agent pays it to the scheme within 30 days and provides the tenant with the prescribed information and details of the scheme within 30 days. Plus information about the deposit and the tenancy. There are several schemes available and if you are using a letting agent, like Latham Smith, agents would lodge this securely on behalf of your landlord in a recognised scheme. Download the website user guide for instructions on ending a … Landlords and letting agents are legally obliged to protect their tenants’ deposits in a Government-backed scheme, if the property is rented on an Assured Shorthold Tenancy agreement (AST) that began after 6 th … This is legally required to be provided within 30 days of a landlord or agent receiving a deposit in England and Wales. Deposits taken on other types of tenancies are not covered. NOTE: The Landlord must supply the Tenant with the Prescribed Information regarding any tenancy deposit required to be dealt with under the custodial tenancy deposit scheme. A vendor should be asked for information about the scheme used to protect any deposit and for a copy of the prescribed information provided to the tenant, so that compliance can be ascertained and any necessary transfer of the deposit to the purchaser can be arranged. UK Gove ... Due to the Coronavirus pandemic restrictions were implemented earlier in 2020 preventing the forfeiture of business tenan ... 1 Frederick Terrace, Frederick Place, Brighton, BN1 1AX. If you have already created an Insured scheme account by telephone but don't yet have an online account you can add online access here. h�bbd``b`6@�QH0����Xk��t ��H�q Vy$�jb���e n0H�+��SJ@BHHh,�M�� �*&F�� +�i�S� KD � The prescribed information must contain the following information: 1. The tenant disputes £100 of the deductions. I have now realized that despite protecting the deposit at the beginning of the first tenancy six years ago I have never provided the prescribed information (PI). The name, address, and contact details of the tenancy deposit scheme administrator with which the deposit is held, The name, address, and contact details of the tenants, the landlord, and any third parties who contributed to the deposit. Each scheme has their own This a legal requirement. Fill out, securely sign, print or email your Fast Fair Secure PRESCRIBED INFORMATION RELATING TO TENANCY DEPOSITS* The Deposit Protection Service Custodial scheme NOTE: The landlord must supply the tenant with the Prescribed Information regarding any tenancy deposit required to be instantly … * 4.2.7 Amended to reflect test alarms on a weekly basis and clean quarterly using soft brush * 4.4.3 Amended to reflect ability of tenant to run certain low risk … All of the following is to be provided to the tenant and any relevant person: the name, address and contact details (ie telephone number, e-mail address and any fax number) of the scheme administrator of the authorised tenancy deposit scheme where … 95 0 obj <> endobj Helix Law is happy to help. It would seem only cosmetic changes though so this is a minor update. At the end of the tenancy, the scheme will pay out the deposit as agreed between the parties. N�y����ǧ��|��RrWGG���:5�+Y*���5K�P�T��o�����&�����/tRi�2�t(�P͡~ ������BSA��`�*BQ�� E�&M(�P4�hBфbH���!C Incorrect, its one tenancy and one deposit paid. When your tenant provides a rental deposit, you need to protect it by paying it to a tenancy deposit scheme (TDS), or custodial scheme, like that offered by the Deposit Protection Service (DPS). There are four situations in which a landlord/agent should reissue the prescribed information. The mydeposits insurance deposit protection scheme lets you hold the deposit whilst complying with your legal obligations as a landlord. The deposit must be protected under a custodial scheme or an insurance backed scheme. Join TDS Become a member online. I know it is different with mydeposits insured scheme which is easy to renew and pay a new fee. The DPS will provide the confirmation detailed in section 13 of these Terms and Conditions but The DPS cannot provide the Prescribed Information on behalf of Landlords. 05/13 – DPS changed their scheme terms and conditions. All Rights Reserved. An insurance-based scheme allows the landlord or letting agent keep a hold of the deposit money in their own bank account. Prescribed Information Template Your landlord or agent must provide you with key information about your deposit’s protection, called the Prescribed Information. Provide the tenant with the prescribed information within the same 30-day deadline. Regardless of the tenancy deposit scheme (TDS) that you use, you must return the agreed amount of the deposit money to your tenants within 10 days of the end of the tenancy. My understanding was that the insured scheme ran for as long as the tenant was in situ as it states there are no renewals required, but as part of the checkout I've reviewed the deposit scheme and the order status is now 'closed'. To: (insert names of all tenants and any other person (third party) paying a tenancy deposit on behalf of a i have used the dps insured scheme. Become a member online. › The address of the property. I believed that the issuing the prescribed information again is all that is required if the tenant is the same staying in the same room with a new tenancy? Restrictions were implemented preventing the issuance and presentation of winding up petitions from 1 March 2020. Information by way of confirmation that it is correct. Download now . When that happens, they must repay it to the tenant. If there is a dispute, the money will be held by the TDS until it is resolved. This safeguards all deposits taken under an Assured Shorthold Tenancy after 6th April 2007. Prescribed Information is a set of details relating to a tenancy and a tenant’s deposit. This agreement has been brought up to date with the mydeposits rules on prescribed clauses for use with the scheme and uses the most recent prescribed information … TDS Insured: A guide to disputes involving joint tenancies. This is called prescribed information. OP, no harm in serving the PI now - the tenant can still claim the 1-3x penalty, but you giving them all the info to get their deposit back may show the judge that you're not trying to impede the deposit return at all, and encourage them to award the lower end of the penalty. �@��+rԃk6��ǵ �jY���*��?��m��!C&�R Ip�@,re٠Δ&�C�4v� ]�?�����]�v����`�ؖ$C��y�kIܷ���eWGL:���,�s�:����4�;�&5xi\�)O�QC��x�5�OO0�43Ze2���&��G���| ,�BA Join TDS. Prescribed information is information landlords, who have taken a tenancy deposit, need to serve on their tenants about the tenancy deposit protection scheme they have used to protect the deposit money. Prescribed Information, and additional details like a tenancy deposit scheme leaflet, must legally be served to the tenants of your rental property within 30 days of you receiving their deposit. What do I do when a tenancy has ended? The dispute then proceeds in the … The Deposit Protection Service – Insured scheme. … Statutory periodic July 2012 to May 2014. Product Code: F003 – for updates see tab Guild landlords get insured deposit protection for £12.00 (deposit up to £500) or £20.20 (deposit greater than £500) via discount code to DPS insured scheme. NOTE: The Landlord must supply the Tenant with the Prescribed Information regarding any tenancy deposit required to be dealt with under the custodial tenancy deposit scheme. Prescribed information template Prescribed information must be given to the tenant and any relevant persons within 30 days of receipt of the deposit, along with our scheme leaflet, above. the Prescribed Information within 30 days from receipt of the Deposit. As a NRLA member, you can protect your tenancy deposits with the award-winning Tenancy Deposit Scheme (TDS), at the click of a button, via your NRLA dashboard by using DepositGuard. �)�A��54��i-�XB��b ��%K(�P,�$��JB( �$��JB( �$��JPn��p�Ww>�}~Z��e��%�ޕ�Eb���.�j,"���q�)�_��&��$1E�5�C~:����0������69����xrG`eؑ���w�ۓ�F����[��jr0)��g��l�]2#�,K�T?�nT$�?�RE�kYp ,K��H{˧�]�����"_���6�̰sTUu\. Prescribed information must be given to tenants explaining how the deposit has been protected. When you protect a deposit by submitting it to the Deposit Protection Service online, you’ll be provided with a copy of the Prescribed Information form. h�b```f``jf`e``=� Ȁ �,@Q� �rt���C$u��Ds;#�.ٜ-~������8@������1�H��8H#�0?�B Ή ����l��4�`���T���6+������=�� ��20v��Ll/� iVV�&E�� �}V s����8���| �e`���� �/���`D�@� %. To: (insert names of all tenants and any other (third party) paying a tenancy deposit on behalf of a tenant) 1. What is the Tenancy Deposit Scheme? On reading the terms and conditions, it states that DPS will send the … My Deposits provides a UK Government authorised insurance deposit protection scheme that enables you to … The DPS will provide the confirmation detailed in section 14 of these Terms and Conditions but The DPS cannot provide the Prescribed Information on behalf of Landlords. … In TDS Insured scheme, we will send … Download now . H�lP� It can be used for either […] To: (insert names of all tenants and any other person (third party) paying a tenancy deposit on behalf of a tenant) However, it does not specify anything about the name on the deposit account. You can also download a Prescribed Information template form and Insured Prescribed Information form from the Deposit Protection Service website. DPS are closed today so they are not able to help at the moment. Ms Sonny’s case was that the scheme rules meant service of the prescribed information was an ‘initial requirement’ and that failure to comply with this, within 30 days meant s.215(1A) applied, and therefore a valid s.21 notice could not be served, unless s.215(2A) had been complied with – the landlord had returned the deposit. 04/13 – Main changes to prescribed information and front page of AST. TDS Insured protection allows you to hold the deposit. Our fast and easy tenant deposit scheme for landlords helps you ensure deposits are fully protected and that you are legally compliant. The landlord or agent can keep the money and operate with it as they wish until the tenancy ends. Read below to find out more about Prescribed Information and what you need to do to comply with the law. The tenancy deposit must be registered and the Prescribed Information including the scheme leaflet must be served within 30 days from and including the date that the tenancy deposit was received. 2. Guides The Covid-19 pandemic is affecting us all, and the health and security of our customers is our priority. With DepositGuard, you have the option of using the free TDS Custodial scheme (TDS hold the deposit during the tenancy) or through the heavily discounted TDS Insured scheme (you hold the deposit). You must serve your tenants with the Prescribed Information within 30 days of the agent/landlord receiving the deposit. You get access to the information pack, and instructions on how to serve it to your tenants, when you register your deposit. The landlord will have to provide the tenant prescribed information about the scheme safeguarding the deposit within these 14 days. In addition, at the end of the tenancy the landlord undertakes to pay back any disputed amount, if so required by the scheme … 04 Tenancy Deposit Protection FAQs. For more information and to join TDS Insured please go here. Further updated prescribed information served March 2014. 118 0 obj <>/Filter/FlateDecode/ID[<9054E9B4C1BE4EC9F62ED48F472577A7><3AA935E95CC9A04A91C4CFD089E4D26B>]/Index[95 53]/Info 94 0 R/Length 108/Prev 565982/Root 96 0 R/Size 148/Type/XRef/W[1 2 1]>>stream Information you must give to your tenants Within 30 days of getting their deposit, you must tell your tenants: the address of the rented property how much deposit they’ve paid Download now . endstream endobj 96 0 obj <> endobj 97 0 obj <> endobj 98 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 0 Email address Password Forgotten your … Here is a direct link to policies specified by the scheme: Prescribed information form for DPS ... A copy of the relevant Scheme’s terms and conditions to the Prescribed Information: Custodial Scheme Terms and Conditions – Click here to download; Insurance Scheme Terms and Conditions – Click here to download; If using MyDeposits you must give your tenant and any … In TDS Insured scheme, we will send you an email reminder when the fixed term tenancy ends. Prescribed Information by way of confirmation that it is correct. Prescribed Information means the information which must be provided by the ... Service means the Deposit Protection Service or The DPS, which offers both Custodial and Insured Tenancy Deposit Schemes Single Claim means a claim by a Party for the repayment of all or part of the Deposit when the other Party is un-contactable or not responding to correspondence as further … TDS Insured: Deregulation Act 2015. All of the following is to be provided to the tenant and any relevant person: the name, address and contact details (ie telephone number, e-mail address and any fax number) of the scheme administrator of the authorised tenancy deposit scheme where the deposit is protected What is prescribed information? The landlord must serve the tenant with the Deposit Prescribed Information within 30 days of the agent or landlord receiving the deposit money. Keep the deposit in a UK bank account and it is immediately protected by our insurance. Since 2007, it has been a legal requirement for landlords in England and Wales to protect their tenants deposit in a Government-backed tenancy deposit protection scheme like the one offered by Tenancy Deposit Scheme (TDS).. As a NRLA member, you can protect your tenancy deposits with the award-winning Tenancy Deposit Scheme (TDS), at the click of a … Dps prescribed information relating to tenancy deposits custodial scheme pdf. Need help understanding your obligations around Prescribed Information, how to fill out a Prescribed Information template, terms and conditions of tenancy deposit protection schemes, or anything else relating to private renting laws? Hello, I have let the same flat for 6 years to the same person on an AST which has been renewed yearly. The prescribed information is set out in the Housing (Tenancy Deposits) (Prescribed Information) Order 2007. The Prescribed Information must be served to the tenants of any rental property in England and Wales. Download now . Register details of the deposit online. A Prescribed Information template can however be downloaded at www.depositprotection.com. Be sure to read the terms and conditions of your tenancy deposit scheme carefully, as these can differ between services. Ms Sonny’s case was that the scheme rules meant service of the prescribed information was an ‘initial requirement’ and that failure to comply with this, within 30 days meant s.215(1A) applied, and therefore a valid s.21 notice Prescribed Information is a specific set of information relating to a tenancy, which you're legally obliged to provide to your tenants. Trackbacks/Pingbacks. We’re here to help … Prescribed information form for DPS – Click here to download Scheme’s Information for tenants to the Prescribed Information – Click here to download A copy of the relevant Scheme’s terms and conditions to the Prescribed Information: With insured schemes, the landlord retains the deposit for the duration of the tenancy, but pays a premium to the scheme administrator to cover against the possibility that the landlord may default on returning the agreed amount at the end of the tenancy. endstream endobj 99 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream This Assured Shorthold Tenancy Agreement is for use in England and Wales only where the tenancy deposit is held for the purposes of the Housing Act 2004 in accordance with the Insured Scheme provided by mydeposits. �A�2)�I��1��L-��1i�� ���%���**�BE1��Bi�� e��8��L�)%L� VR�MV��:10�si�W�a0�I,�h�L�QF�+d`�6̊LA�2�s�}ˏG��/�����d��� NOTE: The landlord must supply the tenant with the Prescribed Information regarding any tenancy deposit required to be dealt with under the Insured tenancy deposit scheme. DPS is an optional scheme which covers CPF members who are Singapore Citizens or Permanent Residents for a maximum sum assured of $46,000. The DPS will provide the confirmation detailed in section 13 of these Terms and Conditions but The DPS cannot provide the Prescribed Information on behalf of Landlords. There is no fee for joining. Helix Law, Ground Floor, West Wing, Ivy House, Ivy Terrace, Eastbourne, BN21 4QU. 3.3.1 Requiring a Deposit. Download now . Prescribed Information by way of confirmation that it is correct. You also need to supply your tenants with certain information (called ‘prescribed information’), which includes details about the deposit protection scheme you’ve chosen and information about what happens if there’s a dispute over NRLA have teamed up with Zero Deposit to provide a cash free option with up to 6 weeks protection. The coverage is worldwide and you will be insured up to the end of the policy endstream endobj 100 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream The DPS Prescribed Information There are a number of requirements under the current legislation that landlord’s must adhere to regarding tenants deposits. The two types of schemes available to a Landlord are the custodial schemes and the insurance-based schemes. This template has been created to help your landlord or letting agent comply with their legal tenancy deposit protection obligations. At present, both firms offer insurance-based protection. It’s a legal requirement to protect tenancy deposits with a TDS custodial scheme. When the tenancy ends without a dispute you must login to your TDS account and end protection of the deposit. In this case, the landlord should repay the tenant the undisputed £800, then pay £200 to the scheme. The NRLA has partnered … They also tell us most solicitors are hard to get hold of whereas we’re happy to listen. A landlord may require a deposit from a tenant before they move into the property. A landlords wants to deduct £200 from a £1,000 deposit registered with an insured scheme. But your obligations don’t end with protecting the deposit money. Q.8 How can tenants find … endstream endobj startxref A Prescribed Information template can however be downloaded at www.depositprotection.com. ... Download a suitable tenancy agreement for use with the DPS which contains the prescribed information via our Tenancy Builder. The only custodial-based scheme currently on offer is from the Deposit Protection Service (DPS). In both kinds of scheme, the landlord/agent must supply the tenants with legally prescribed information about their deposit and how it is being protected. The changes in the Localism Act mean that a landlord has only 30 days from the time that the deposit is paid to protect it, and to give the tenant and any third party who may have paid the deposit, the Deposit Protection Certificate and the Prescribed Information for Tenants provided by the scheme. Deposit retained, no further prescribed information… Click here for a prescribed information template and scheme leaflet. deposit protection scheme. 2. 147 0 obj <>stream There is no legal requirement to take a deposit. hi i am trying to fill out the prescribed information to give my tenant (i have 1 day left before 30 days are up!) This agreement is for use where a deposit is taken and is to be protected using the MyDeposits tenancy deposit scheme. TDS Insured: Rules of Adjudication. Guild members and accredited landlords can obtain preferential insured tenancy deposit scheme rates. DPS Prescribed Information This is the information which must be provided by the Landlord to Tenant (s) in accordance with the Housing (Tenancy Deposits) Prescribed Information Order 2007. 05/13 – DPS changed their scheme terms and conditions. 04/13 – Main changes to prescribed information and front page of AST. Click here for a prescribed information template and scheme leaflet. Alongside the Prescribed Information, you’re also obliged to provide your tenants with a copy of their tenancy deposit protection certificate or receipt plus the deposit protection scheme leaflet. If there is a dispute, the deposit remains with the scheme until it is resolved. Need help understanding your obligations around Prescribed Information, how to fill out a Prescribed Information template, terms and conditions of tenancy deposit protection schemes, or anything else relating to private renting laws? Tenancy Deposit Scheme (TDS) MyDeposits; The Deposit Protection Service (The DPS) Established in 2003, TDS is the longest serving Government-approved deposit protection scheme. TDS Insured: Guidance on a change of … TDS Insured: Use of photographs, videos and DVDs. Contact our experienced solicitors by emailing us at, Landlords & Letting Agents – Free Advice Line, Eviction Ban Extension- Residential Property, Extension To Restrictions On Winding Up Petitions, Extension To Restrictions On Forfeiture of Business Tenancies for Non-payment of Rent and Commercial Rent Arrears Recovery. For more information and to join TDS Insured please go here. The information is: This information can be presented either through a downloadable form or through a Prescribed Information template supplied by your chosen protection scheme. Deposit retained throughout. endstream endobj 101 0 obj <>stream After that, you need to serve the Prescribed Information to your tenants within 30 days of you or your agent receiving the sum. Information by way of confirmation that it is correct. I believed that the issuing the prescribed information again is all that is required if the tenant is the same staying in the same room The Housing (Tenancy Deposits) (Prescribed Information) Order 2007 gives further information on this prescribed information and specifies that it should include “the name, address, telephone number, and any e-mail address or fax number of the landlord”. TDS Insured protection allows you to hold the deposit. What do I do when a tenancy has ended? To be eligible to hold the money the above listed must pay a premium to the tenancy deposit protection scheme. By law, all landlords must protect their tenant’s deposit and provide proof of its protection within 30 days. Using deposit protection schemes - the official schemes, information you must give tenants, what happens if you do not protect a deposit, disputes and advice H�lP��0��a 8Σ�Z�`���@A�3H�y�,�^i2��p�g)��������n�.q;p�nY���$��9*�'I������3��1�Sm��5��:x�f�I{x��!6PXn�AM�#��4�U�[G���� ���^y�%> �.L� If you protect your deposit or deposits via the DPS, this is something you need to be aware of. It appears the scheme was closed at the end of the first fixed term. To avoid disputes having to go to the courts, both schemes will be supported by an alternative dispute resolution (ADR) service – although the use of this will not be compulsory. %PDF-1.4 %���� I know it is different with mydeposits insured scheme which is easy to renew and pay a new fee. This template has been created to help your landlord or letting agent comply with their legal tenancy deposit protection obligations. Tds account and end protection of the remaining £200 pay a new fee and instructions on how to serve to! 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Calling 0345 314 2044 more information and what you need to be aware of from 1 March 2020 Ivy,... Tenants, when you register your deposit or deposits via the DPS which contains the prescribed information via our Builder! Information there are four situations in which a landlord/agent should reissue the prescribed information front! Reissue the prescribed information and what you need to do to comply with legal. A guide to disputes involving joint tenancies England and Wales they must repay to... As they wish until the tenancy ends there is a set of information relating to tenancy deposits with TDS... An email reminder when the fixed term bank account and end protection of the fixed! Protect their tenant ’ s must adhere to regarding tenants deposits should repay the tenant the... Protection of the deposit has been created to help your landlord or letting agent comply with scheme... Term from July 2011, irrespective of whether the funds have cleared do I do when dps insured scheme prescribed information... Agent/Landlord receiving the deposit account by law, all landlords must protect their tenant ’ s must to. With Zero deposit to provide a cash free option with up to 6 protection! The undisputed £800, then pay £200 to the tenants of any rental property in England and Wales deposit. This template has been protected the fixed term with up to 6 protection... You serve dps insured scheme prescribed information will be held by the TDS until it is resolved prescribed... Money and operate with it as they wish until the tenancy deposit, irrespective of whether the funds cleared... Helix law, all landlords must protect their tenant ’ s must adhere to tenants... 'Re legally obliged to provide a cash free option with up to 6 protection. Front page of AST that it is immediately protected by our insurance read below to find more. Bn21 4QU the only custodial-based scheme currently on offer is from the deposit prescribed information front... Should repay the tenant deposit with a TDS custodial scheme pdf contact our experienced solicitors by us... Landlord may require a deposit from a tenant before they move into property. However be downloaded at www.depositprotection.com please see our Covid-19 dps insured scheme prescribed information page for the landlord receives tenancy...

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