# The Building Societies (Member States) Order 1992, 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.

---
Source: https://www.legislation.gov.uk/uksi/1992/1547/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/building-societies-member-states-order-1992/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.