The Mortgage Indemnities (Recognised Bodies)(No. 2) Order 1990

Made: 29th November 1990

Coming into force: 20th December 1990

The Secretary of State, in exercise of the powers conferred on him by section 444(1) of the Housing Act 1985[^f00001] and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order:

1

This Order may be cited as the Mortgage Indemnities (Recognised Bodies)(No. 2) Order 1990 and shall come into force on 20th December 1990.

2

Capital Home Loans Limited is hereby specified as a recognised body for the purposes of sections 442 and 443 of the Housing Act 1985.

Signed

Chris Patten — One of Her Majesty’s Principal Secretaries of State — 23rd November 1990

We consent,

Thomas Sackville — Gregory Knight — Two of the Lords Commissioners of Her Majesty’s Treasury — 29th November 1990

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.

Footnotes

[^f00001]: 1985 c. 68.