Article 8.

I Redemption of Loans

(a) A member may at any time before the time agreed repay to the Society the whole or any part of a loan and shall not be liable to pay any redemption fee in relation to the loan or any part of the loan.

(b) In this rule "redemption fee" means, in relation to a loan, any sum in addition to principal and any interest due on such principal (without regard to the fact of the redemption of the loan) at the time of redemption of the whole or part of the loan.

II Valuation Reports

(a) Where the Society gives approval to the making of a loan (other than a loan pursuant to article 4 of the Building Societies Regulations, 1987), the member shall, at the same time as he is notified of the Society's approval, be furnished with a copy of the report made under section 79(1) (b) of the Building Societies Act, 1976, relating to the value of any security for the loan.

(b) There shall be attached to or included in every valuation report furnished to a member in accordance with this rule a note stating clearly the nature and purpose of the report.

III Insurance of Mortgaged Property

(a) Any insurance which the Society may require a member to effect and keep effected on property mortgaged to the Society may be effected by the member with any insurer and through any agency or any intermediary.