Section 18B
Recovery of dues as arrears of land revenue.
The National Housing Bank Act, 1987
About this Act
An Act to establish a bank to be known as the National Housing Bank to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto.
1[18B. Recovery of dues as arrears of land revenue.--Where any amount is due under an
agreement to the National Housing Bank, whether acting as a trustee or otherwise, in respect of
securitisation of loans of housing finance institutions and scheduled banks, the National Housing
Bank may without prejudice to any other mode of recovery make an application to the State
Government for the recovery of the amount due to it, and if the State Government or such authority,
as that Government may specify in this behalf, is satisfied that any amount is due, it may issue a
certificate for the amount to the Collector and the Collector shall proceed to recover that amount in
the same manner as arrears of land revenue.]
Notes
1. Ins. by s. 11, ibid. (w.e.f. 12-6-2000).