Act Number: 53

Act Name: The National Housing Bank Act, 1987

Year: 1987

Enactment Date: 1987-12-23

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 19: Power to impose conditions for accommodation.
    In entering into any transaction under this Chapter with any borrowing 1[institution], the National Housing Bank may impose such conditions as it may think necessary or expedient for protecting the interests of the National Housing Bank.
Notes:
1. Subs. by s. 12, ibid., for "housing finance institution" (w.e.f. 12-6-2000).
Previous Section Next Section
Scroll to Top