# The Building Societies (Investigation of Complaints) Order 1990, Paragraph 1


After paragraph 3 of Part II there shall be inserted the following paragraph:
“Borrowers: Loans by appropriate mortgage companies
3A The operation or termination of the account of a borrower on the security of land from an appropriate mortgage company and the grant or refusal to grant a borrower from such a company further advances secured on the same or different land or other facilities normally available to borrowers of his description.
Note:
The operation or termination of the account of a borrower from an appropriate mortgage company includes any aspect of the relationship or the termination of the relationship between the lender and such a borrower including in particular the exercise of any power over the security.
Note:
“Appropriate mortgage company” means a company of that description which is for the time being the object of investment and support by a building society in accordance with the Building Societies (Designation of Qualifying Bodies) Order 1990.
Note:
the grant of advances includes the terms on which they are granted.”

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Source: https://www.legislation.gov.uk/uksi/1990/2203/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-investigation-of-complaints-order-1990/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.