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The Mortgage Indemnities (Recognised Bodies) (No. 2) Order 1988

S.I. 1988/1727 · Made 5 October 1988

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

HOUSING, ENGLAND AND WALES

Made 5th October 1988

Coming into force 27th October 1988

The Secretary of State, in exercise of the powers conferred on him by section 444(1) of the Housing Act 1985f1, and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1985 c. 68.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Mortgage Indemnities (Recognised Bodies) (No. 2) Order 1988 and shall come into force on 27th October 1988.

2

The following bodies are hereby specified as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985:

(a)

Abbey Life Mortgage Finance Limited,

(b)

Abbey Life Mortgage Loans Limited,

(c)

CIS Mortgage Maker Limited.

Signature

Nicholas Ridley

One of Her Majesty’s Principal Secretaries of State

19th September 1988

We consent,

David Lightbown

Tony Durant

Two of the Lords Commissioners of Her Majesty’s Treasury

5th October1988

Explanatory note

(This note is not part of the Order)

This Order specifies three additional bodies as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985. Local authorities may, with the approval of the Secretary of State, enter into agreements with recognised bodies providing for indemnities, where such bodies make advances secured by way of mortgage on dwelling-houses bought from the public sector landlords listed in section 444(4) of the Act.