# The Building Societies (EFTA States) Order 1994, Paragraph 1


The form of security which may be taken for an advance under section 14 of the Act in relation to a specified country is any form of security—
(a) acknowledging a debt and obliging the borrower to pay it, and
(b) securing payment of that debt on land in a specified country.

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Source: https://www.legislation.gov.uk/uksi/1994/655/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-efta-states-order-1994/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.