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Building Societies Act 1965

Advances - General provisions as to advances on mortgage

40: Valuation of security

You could also call this:

“Old rules about figuring out the worth of loan guarantees no longer exist”

This part of the law used to talk about how to value security for building societies. However, it was removed from the law on 1 September 1987. This means that the rules about valuing security that were once in this section no longer apply.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM371672.

Topics:
Money and consumer rights > Banking and loans Housing and property > Buying and selling homes
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Part 3 Advances
General provisions as to advances on mortgage

40Valuation of security (Repealed)

    Notes
    • Section 40: repealed, on , by section 12 of the Building Societies Amendment Act 1987 (1987 No 175).