43
In forceAdvice to be obtained in relation to purchase of house
Part 6Advances for houses, other buildings and land
Division 1Advances for houses to individuals
43 Advice to be obtained in relation to purchase of house
(1)
Before an application for the Corporation to take action under section 40 (3) is granted, the Corporation must, after taking expert advice, determine the value of the property proposed to be purchased.
(2)
The amount to be advanced by the Corporation must not exceed the value so determined or the purchase price, whichever is less.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.