{
  "url": "https://openlegislation.uk/local-authorities-recognised-bodies-for-heritable-securities-indemnities-scotland-order-1994/note",
  "json_url": "https://openlegislation.uk/local-authorities-recognised-bodies-for-heritable-securities-indemnities-scotland-order-1994/note.json",
  "legislation": "uksi/1994/2030",
  "legislation_title": "The Local Authorities (Recognised Bodies for Heritable Securities Indemnities) (Scotland) Order 1994",
  "legislation_url": "https://openlegislation.uk/local-authorities-recognised-bodies-for-heritable-securities-indemnities-scotland-order-1994",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order designates 9 bodies as recognised bodies for the purposes of section 229 of the Housing (Scotland) Act 1987.\nUnder that section a local authority may, with the approval of the Secretary of State, agree with a building society or recognised body that the authority will indemnify the building society or recognised body in respect of–\n(a) the whole or any part of any outstanding indebtedness of a borrower; and\n(b) loss or expense to the building society or recognised body resulting from the failure of the borrower duly to perform any obligation imposed on him by a heritable security.\nA previous designation order has been made (S.I. 1987/1388).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/2030/note",
    "retrieved_at": "2026-10-29T13:28:18.644800+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."
}