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Mortgage Institutions Act.

País/Territorio
Nigeria
Tipo de documento
Legislación
Fecha
1989 (2013)
Fuente
FAO, FAOLEX
Título completo
An Act to make provisions for establishment and licensing of mortgage institutions to grant loans and advance to individuals for the purchase or construction of a dwelling house; improvement or extension of an existing dwelling house; and to accept savings and deposits from members of the public and to pay interest thereon.
Materia
Tierra y suelos
Palabra clave
Institución Recopilación de datos/informes Infracciones/sanciones
Área geográphica
Africa, Atlántico Norte, Africa Occidental
Resumen

This Act provides for the licensing of mortgage institutions and lays down rules for mortgage business by licensed mortgage institutions. If any company intends to carry on mortgage business in Nigeria, it shall apply in writing through the Federal Mortgage Bank to the Minister for the grant of a licence in accordance with the following provisions of this Act. Every mortgage institution shall submit to the Federal Mortgage Bank such returns as specified. The Federal High Court shall have jurisdiction to try all offences created under this Act.

Texto completo
Inglés
Página web
www.placng.org

Referencias - Legislación

Enmendado porr

Mortgage Institutions (Amendment) Act, 2016 .

Legislación | Nigeria | 2017

Palabra clave: Infracciones/sanciones

Fuente: FAO, FAOLEX