The Housing (Service Charge Loans) (Amendment) (England) Regulations 2009

• Citation: S.I. 2009/602
• Sections: 3

Section 1 Citation, commencement, application and interpretation

(1) These Regulations may be cited as the Housing (Service Charge Loans) (Amendment) (England) Regulations 2009 and shall come into force on 6th April 2009.

(2) These Regulations apply in relation to England only.

(3) In these Regulations “the 1992 Regulations ” means the Housing (Service Charge Loans) Regulations 1992 .

Section 2 Terms of loans

The 1992 Regulations are amended in regulation 6 (terms of loans) by the substitution for paragraph (2) of—

(2) A loan made by virtue of regulation 5 may be made on terms that—

(a) do not require the payment of interest; or

(b) require the payment of interest only on part of the loan;

and shall otherwise, subject to paragraph (3), be on such terms as the lender may determine.

Section 3 The rate of interest

The 1992 Regulations are amended, in paragraph 1(a) of Schedule 2, by the insertion after “loan” of “or the part of it on which interest is payable”.