security variation fee
means a fee payable by the borrower to a moneylender --
| a) | in terms of an agreement in writing between the moneylender and the borrower; |
| b) | as valuable consideration for the moneylender's consenting to any request by the borrower in respect of-- |
| i) | a variation of the terms of the mortgage bond in question; |
| iii) | a variation or substitution of a deed of suretyship or other collateral security in connection with the money lending transaction in question; and |
| c) | where the amount in respect of each such request does not exceed the amount mentioned in paragraph 3(b)(iii). |