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Building Societies Act 1965

Advances - General provisions as to advances on mortgage

49: Restriction on commissions for introduction of mortgage business

You could also call this:

"Building societies can now pay for mortgage introductions"

This part of the law used to be about limiting payments for introducing mortgage business to building societies. However, it was removed from the law on 1 September 1987. This means that the rule no longer applies and is not part of the current Building Societies Act 1965.

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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=DLM371693.

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

49Restriction on commissions for introduction of mortgage business (Repealed)

    Notes
    • Section 49: repealed, on , by section 12 of the Building Societies Amendment Act 1987 (1987 No 175).