Plain language law

New Zealand law explained for everyone

Building Societies Act 1965

Advances - Special advances on mortgage

36: Ordinary limitations on special advances

You could also call this:

"This rule about money lending in building societies doesn't exist anymore"

You should know that the law about 'Ordinary limitations on special advances' for building societies no longer exists. This part of the Building Societies Act 1965 was removed on 17 December 1982. The government decided they didn't need this rule anymore, so they took it out of the law. This means that if you're looking for information about limits on special advances for building societies, you'll need to check newer laws or rules.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM371663.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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"Helping people buy homes with mortgages (no longer in use)"

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37: Permission to exceed limit for special advances, or

"Old rule about extra mortgage money for building societies no longer exists"

Part 3Advances
Special advances on mortgage

36Ordinary limitations on special advances (Repealed)

    Notes
    • Section 36: repealed, on , by section 4(2)(a) of the Building Societies Amendment Act 1982 (1982 No 169).