{
  "url": "https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-25",
  "json_url": "https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-25.json",
  "legislation": "ukpga/1997/32",
  "legislation_title": "Building Societies Act 1997",
  "legislation_url": "https://openlegislation.uk/building-societies-act-1997",
  "path": "schedule/7/paragraph/25",
  "kind": "paragraph",
  "number": "25",
  "heading": null,
  "text": "(1) In subsection (1) of section 67 of the 1986 Act (directors etc. not to accept commissions in connection with loans), for the word “advances” there shall be substituted the word “ loans ”.\n(2) In subsection (5) of that section, for the words “an additional advance”, “an advance” and “the advance” there shall be substituted the words “ an additional loan ”, “ a loan ” and “ the loan ” respectively.\n(3) In subsection (7) of that section, for the words “an advance” there shall be substituted the words “ a loan ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 7 para. 25 in force at 1.12.1997 by S.I. 1997/2668, art. 2, Sch. Pt. II (subject as mentioned in art. 2(2)-(5) of that S.I.)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1997/32/schedule/7/paragraph/25",
    "retrieved_at": "2026-10-29T09:25:53.774631+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."
}