# Building Societies Act 1997, Paragraph 25


(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 ”.
(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.
(3) In subsection (7) of that section, for the words “an advance” there shall be substituted the words “ a loan ”.

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Source: https://www.legislation.gov.uk/ukpga/1997/32/schedule/7/paragraph/25 (the official version)
Page: https://openlegislation.uk/building-societies-act-1997/schedule-7/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.