Section 23:
National Housing Bank not to make loans or advances against its own bonds or debentures.
The National Housing Bank shall not make any loan or advance on the security of its
own bonds or debentures.
53/1987 - The National Housing Bank Act, 1987 ▶
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