{
  "url": "https://openlegislation.uk/building-societies-act-1986/schedule-12/part-II/crossheading-borrowing-members-class-1-or-class-2-advances/paragraph-3",
  "json_url": "https://openlegislation.uk/building-societies-act-1986/schedule-12/part-II/crossheading-borrowing-members-class-1-or-class-2-advances/paragraph-3.json",
  "legislation": "ukpga/1986/53",
  "legislation_title": "Building Societies Act 1986",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1986",
  "path": "schedule/12/part/II/crossheading/borrowing-members-class-1-or-class-2-advances/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "The operation or termination of the account of a member borrowing on a class 1 or class 2 advance and the grant or refusal to grant a borrowing member of that description other or further class 1, or as the case may be, class 2 advances secured on the same or different land or other facilities normally available to borrowing members of his description.\nNote: The operation or termination of the account of a borrowing member includes any aspect of the relationship or the termination of the relationship between the society and a borrowing member as such, including in particular the exercise of the right of foreclosure or any other power over the land by virtue of the mortgage.\nNote: The grant of advances includes the terms on which they are granted.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1986/53/schedule/12/part/II/crossheading/borrowing-members-class-1-or-class-2-advances/paragraph/3",
    "retrieved_at": "2026-10-29T09:54:49.368285+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}