# The Mortgage Indemnities (Recognised Bodies) (No. 2) Order 1988, Note: 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.

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Source: https://www.legislation.gov.uk/uksi/1988/1727/note (the official version)
Page: https://openlegislation.uk/mortgage-indemnities-recognised-bodies-no-2-order-1988/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.