Part 1 Amendment of Building Societies Act, 1989
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Item No. |
Section affected |
Amendment |
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1. |
(a) In subsection (1), insert the following definitions after the definition of "associated body": |
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"'associated designated credit institution', in relation to a building society, means a designated mortgage credit institution in which a society has invested in accordance with section 28; |
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'associated home loan', in relation to an associated designated credit institution, means a housing loan (as defined in section 2 of the Consumer Credit Act, 1995) in respect of which the institution is the creditor or one of the creditors;"; |
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(b) In subsection (1), insert the following definition after the definition of "deposit": |
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"'designated mortgage credit institution' has the meaning given in section 3 of the Asset Covered Securities Act, 2001;"; and |
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(c) In the definition of "housing loan" in subsection (1), insert ", but does not include an associated h |