This Order may be cited as the Building Societies (Limits on Lending) Order 1988 and shall come into force on 30th August 1988.
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Statutory Instrument
The Building Societies (Limits on Lending) Order 1988
Section 1Citation and commencement
Section 2Specification of sums for the purposes of sections 15(7) and 16(8) of the Building Societies Act 1986
(1) The sum specified for the purposes of section 15(7) (limit on mobile home loans to any one individual) of the Building Societies Act 1986 shall be £15,000.
(2) The sum specified for the purposes of section 16(8) (limit on loans to any one individual) of the Building Societies Act 1986 shall be £10,000.
2 sections
Cite this legislation
The Building Societies (Limits on Lending) Order 1988 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-1988-1197
Contains public sector information licensed under the Open Government Licence v3.0.
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