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Statutory Instrument

The Building Societies (Limits on Lending) Order 1988

Citation
S.I. 1988/1197
As at
Sections
2
Section 1Citation and commencement

This Order may be cited as the Building Societies (Limits on Lending) Order 1988 and shall come into force on 30th August 1988.

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.

OGL-3

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