# The Building Societies (Banking Institutions) Order 1987, Article 3: Amendment of the Building Societies (Mobile Home Loans) Order 1986


The Building Societies (Mobile Home Loans) Order 1986 shall be amended as follows:
(a) in article 2 (interpretation) —
(i) after the definition of “the Act” there shall be inserted the following definition:
““authorised institution” means an institution which is an authorised institution for the purposes of the Banking Act 1987;”; and
(ii) the definitions of “licensed deposit taker” and “recognised bank” and the word “and” immediately before the latter definition shall be omitted; and
(b) in article 3 (security for mobile home loans) —
(i) in paragraph (c)(ii), for the words “society, recognised bank or licensed deposit taker” there shall be substituted the words “society or authorised institution”; and
(ii) in paragraph (d), for the words “a recognised bank or licensed deposit taker” there shall be substituted the words “an authorised institution”.

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Source: https://www.legislation.gov.uk/uksi/1987/1670/article/3 (the official version)
Page: https://openlegislation.uk/building-societies-banking-institutions-order-1987/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.