# Building Societies Act 1986, Paragraph 5

Extent: E+W+S+N.I.

The operation or termination of the account of a borrower under section 16 and the grant or refusal to grant a borrower under that section other facilities normally available to borrowers of his description.
Note: The operation or termination of the account of a borrower under section 16 includes any aspect of the relationship or the termination of the relationship between the lender and such a borrower including in particular, in the case of a secured loan, the exercise of any power over the security.
Note: The grant of facilities includes the terms on which they are granted.

---
Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/12/part/II/crossheading/borrowers-other-loans/paragraph/5 (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-12/part-II/crossheading-borrowers-other-loans/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.