# The Mortgage Indemnities (Recognised Bodies)(No. 2) Order 1990, Note: 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.

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Source: https://www.legislation.gov.uk/uksi/1990/2391/note (the official version)
Page: https://openlegislation.uk/mortgage-indemnities-recognised-bodiesno-2-order-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.