Circumstances in which the relevant form of security may be...
- Do not take security on equitable interests or with indexation clauses
UK Statutory Instrument
1987
United Kingdom
The Building Societies (Isle of Man) Order 1987
At a glance
What's here
3 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
If at any time when an advance treated by virtue...
- Reclassify advances when borrower notifies of land-use change
Browse 10 other Schedules — structural / supplementary
The form of security which may be taken for an...
(1) A territory advance shall be classified as a class...
A territory advance shall be classified as a class 2...
The relevant form of security may only be taken for...
Section 10 of the Act (power to make advances secured...
Subsections (1) to (7), (9) to (13) and (15) of...
Subsections (1) to (11) and (13) of section 12 of...
Section 13(7) of, and Schedule 4 to, the Act (sale...
Section 18 of the Act (power to invest in associated...
Section 69 of the Act (disclosure and record of income...
Designation of specified territory
- Follow Schedule 1 rules when lending overseas
Browse 6 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
Availability of power
Exercise of power without adoption
Other security
Application of relevant provisions
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