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Mortgage Institutions Act.

Pays/Territoire
Nigéria
Type du document
Législation
Date
1989 (2013)
Source
FAO, FAOLEX
Titre complet
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.
Sujet
Terre et sols
Mot clé
Institution Collecte de données/déclarations Infractions/sanctions
Aire géographique
Afrique, Atlantique Nord, Afrique de l'Ouest
Résumé

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.

Texte intégral
Anglais
Site web
www.placng.org

Références - Législation

Amendé par

Mortgage Institutions (Amendment) Act, 2016 .

Législation | Nigéria | 2017

Mot clé: Infractions/sanctions

Source: FAO, FAOLEX