{
  "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987",
  "json_url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987.json",
  "id": "uksi/1987/1975",
  "title": "The Building Societies (Limited Credit Facilities) Order 1987",
  "short_title": "Building Societies (Limited Credit Facilities) 1987",
  "long_title": "This Order empowers building societies with commercial assets of at least £100 million to operate accounts on which an individual can draw and to agree a limit of indebtedness of that individual to the society of up to £5,000. Any such indebtedness will count as a class 3 asset, and class 3 assets may not exceed more than 5 per cent of a society’s total commercial assets.",
  "citation": "S.I. 1987/1975",
  "type": "uksi",
  "year": "1987",
  "number": "1975",
  "version": "current",
  "date": "1987-11-18",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 4,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Title and commencement",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Facility debts and accounts",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Societies to which power is available",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Facility account holder to be an individual",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-5",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Limit on balances",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-6",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Class 3 asset limits",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-7",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Amendment of 1986 Act",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/article-8",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "AMENDMENT OF SECTION 15 OF THE ACT",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/1/paragraph/1",
      "kind": "paragraph",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/schedule-1/paragraph-1",
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/2",
      "kind": "paragraph",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/schedule-1/paragraph-2",
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/1/paragraph/3",
      "kind": "paragraph",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/schedule-1/paragraph-3",
      "extent": null,
      "status": null,
      "parent": "schedule/1"
    },
    {
      "path": "schedule/2",
      "kind": "schedule",
      "number": "2",
      "heading": "AMENDMENT OF SECTION 16 OF THE ACT",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule/2/paragraph/1",
      "kind": "paragraph",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/schedule-2/paragraph-1",
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/2",
      "kind": "paragraph",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/schedule-2/paragraph-2",
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/3",
      "kind": "paragraph",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/schedule-2/paragraph-3",
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "schedule/2/paragraph/4",
      "kind": "paragraph",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/schedule-2/paragraph-4",
      "extent": null,
      "status": null,
      "parent": "schedule/2"
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [
    {
      "title": "Printed copy",
      "main": true,
      "language": null,
      "date": "2023-11-22",
      "size": 343930,
      "url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/pdf/uksi_19871975_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/1987/1975/pdfs/uksi_19871975_en.pdf"
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affected_provisions": "art. 2",
      "affecting": "uksi/1988/1141",
      "affecting_title": "The Building Societies (Commercial Assets and Services) Order 1988",
      "affecting_provisions": null
    },
    {
      "type": "amended",
      "affected_provisions": "art. 6",
      "affecting": "uksi/1988/1141",
      "affecting_title": "The Building Societies (Commercial Assets and Services) Order 1988",
      "affecting_provisions": null
    },
    {
      "type": "replaced",
      "affected_provisions": "art. 7",
      "affecting": "uksi/1989/730",
      "affecting_title": "The Building Societies (Money Transmission Services) Order 1989",
      "affecting_provisions": null
    },
    {
      "type": "substituted",
      "affected_provisions": "art.4",
      "affecting": "uksi/1995/1006",
      "affecting_title": "The Building Societies (Commercial Assets) Order 1995",
      "affecting_provisions": "art.6(1)"
    }
  ],
  "made_under": [
    {
      "id": "ukpga/1986/53",
      "title": "Building Societies Act 1986",
      "url": "https://openlegislation.uk/building-societies-act-1986",
      "provisions": [
        "section/19"
      ]
    }
  ],
  "changes_made_to": 4,
  "changes_made_to_url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/building-societies-limited-credit-facilities-order-1987/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1987/1975",
    "retrieved_at": "2026-10-29T16:17:41.878470+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."
}