UK Statutory Instrument 1987 United Kingdom

The Building Societies (Limited Credit Facilities) Order 1987

At a glance

What's here

2 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

Browse 7 other Schedules — structural / supplementary
s.sch001

At the end of section 15(5)(b) there shall be inserted...

s.sch001

At the end of section 15(6) there shall be inserted...

s.sch001

In section 15(12), before the definition of “mobile home”, the...

s.sch002

At the end of section 16(5)(b) there shall be inserted...

s.sch002

At the end of section 16(6)(c) there shall be inserted...

s.sch002

At the end of section 16(7) there shall be inserted...

s.sch002

After section 16(16) the following subsection shall be added:

s.art006

Limit on balances

  • Recover any overdrawn amounts from facility account holders
s.art007

Class 3 asset limits

  • Record the power used for each arrangement under dual powers
Browse 6 other sections — procedural / definitional / commencement
s.art001

Title and commencement

s.art002

Interpretation

s.art003

Facility debts and accounts

s.art004

Societies to which power is available

s.art005

Facility account holder to be an individual

s.art008

Amendment of 1986 Act

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