Section 21
National Housing Bank to have access to records.
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) The National Housing Bank shall
have free access to all such records of any 1[institution] which seeks to avail of any credit facilities
from the National Housing Bank and to all such records of any person who seeks to avail of any credit
facilities from such 1[institution], the perusal of which may appear to the national Housing Bank to be
necessary in connection with the providing of finance or other assistance to such 1[institution] or the
refinancing of any loan or advance made to such person by that 1[institution].
(2) The National Housing Bank may require any institution or person referred to in sub-section (1), to furnish to it copies of any of the records referred to in that sub-section and the institution or the person, as the case may be, shall be bound to comply with such requisition.
(2) The National Housing Bank may require any institution or person referred to in sub-section (1), to furnish to it copies of any of the records referred to in that sub-section and the institution or the person, as the case may be, shall be bound to comply with such requisition.
Notes
1. Subs. by Act 15 of 2000, s. 12, for "housing finance institution" (w.e.f. 12-6-2000).