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Building Societies Act 1965

Advances - General provisions as to advances on mortgage

42: Record of advances

You could also call this:

"Old rule about keeping track of money given out by building societies, no longer used"

This law is no longer active. It used to be about keeping a record of money given out by building societies, but it was removed from the law on 1 September 1987. You don't need to follow this rule anymore because it doesn't exist in the current law.

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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=DLM371678.

Topics:
Money and consumer rights > Banking and loansHousing and property > Buying and selling homes
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41: Additional security for advances, or

"Old rule about extra protection for building society loans no longer exists"

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43: Security taken from third party, or

"This old rule about building societies getting security from others no longer exists"

Part 3Advances
General provisions as to advances on mortgage

42Record of advances (Repealed)

    Notes
    • Section 42: repealed, on , by section 12 of the Building Societies Amendment Act 1987 (1987 No 175).