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 46: Protection of action taken under the Act.
    No suit or other legal proceeding shall lie against the National Housing Bank or any director or any officer or other employee of 1[the National Housing Bank or the Reserve Bank] or any other person authorised by 1[the National Housing Bank or the Reserve Bank] to discharge any functions under this Act for any loss or damage caused or likely to be caused by anything which is in good faith done or intended to be done in pursuance of this Act or of any other law or provision having the force of law.
    
Notes:
1. Subs. by Act 23 of 2019, s. 169, for "the National Housing Bank" (w.e.f. 09-08-2019).
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