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The Mortgage Indemnities (Recognised Bodies)(No. 2) Order 1990

S.I. 1990/2391 · Made 29 November 1990

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 29th November 1990

Coming into force 20th December 1990

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 1990 and shall come into force on 20th December 1990.

2

Capital Home Loans Limited is hereby specified as a recognised body for the purposes of sections 442 and 443 of the Housing Act 1985.

Signature

Chris Patten

One of Her Majesty’s Principal Secretaries of State

23rd November 1990

We consent,

Thomas Sackville

Gregory Knight

Two of the Lords Commissioners of Her Majesty’s Treasury

29th November 1990

Explanatory note

(This note is not part of the Order)

This Order specifies one additional body as a recognised body for the purposes of sections 442 and 443 of the Housing Act 1985. (Other bodies have been specified by previous Orders).

Section 442 provides for a local authority, with the approval of the Secretary of State, to enter into agreements with a recognised body to indemnify such a body against any loss or expense arising from an advance made by it on the security of a house or flat bought from a local authority, a new town corporation, an urban development corporation, the Development Board for Rural Wales, the Corporation, or a registered housing association. Section 443 provides for a local authority to contribute towards costs incurred in connection with a legal charge to secure such an advance.