s 42 Transfer of rights and obligations relating to applications for HUDC dwellings
42.—(1) Subject to this section, on and after 1 May 1982, all the rights and obligations of the Housing and Urban Development Company with respect to the sale of its dwellings (called in this Act HUDC dwellings) are transferred to the Board. (2) In all applications made to and registered with the Housing and Urban Development Company prior to 1 May 1982 for the purchase of HUDC dwellings, any reference to the Housing and Urban Development Company is to be read as if it were a reference to the Board. (3) The Board has power to vary the terms and conditions of any application made by an applicant and registered with the Housing and Urban Development Company prior to 1 May 1982 for the sale and purchase of a HUDC dwelling after that date. (4) Where an applicant refuses or fails to accept the terms and conditions as varied by the Board under subsection (3), the Board may cancel the applicant’s application and refund the registration fee paid to the applicant. (5) No proceedings shall be instituted in any court by the applicant against the Board to recover any loss suffered, directly or indirectly, by the applicant arising out of or caused by the cancellation of the applicant’s application under subsection (4).[36