2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

Saint Lucia Housing Authority Regulations – Section 49 (Statutory Instrument 33/1967)

Statutory Instrument 33/1967 .. in force 7 October 1967

ARRANGEMENT OF REGULATIONS

1.Citation
2.Interpretation

PART 1

3.Application for certificate of exemption
4.Registration as a trader
5.Persons who may be registered
6.Cancellation of registration
7.Separate accounts to be kept by builder
8.Approval of mortgagees
9.Application for guarantee of Authority
10.Manner of undertaking guarantee by Authority
11.Circumstances in which guarantee may be entered into
12.Circumstances in which application under regulation 9 must not be approved
13.Matter to be contained in mortgage where application for Authority's guarantee thereof
14.Aggregate monthly payment
15.Sums payable by mortgagor to mortgagee before mortgage executed
16.Consent of Authority necessary before execution of alterations or improvements
17.Mortgagee to inform Authority of failure of mortgagor to perform covenants
18.Condition of guarantee
19.Restrictions on exercise of power of sale
20.Circumstances in which guarantee becomes void
21.Effect of assignment of mortgage debt by an approved mortgagee
22.Reasonable care to be exercised by approved mortgagee
23.Expression of mortgage in foreign currency
24.Mortgage insurance fee

PART 2
DIRECT LOANS

25.Term of direct loans
26.Interest rate applicable to direct loans
27.Applicant to prove loan unavailable from approved mortgagees
28.Provision of borrower's equity
29.Establishment of firm age limits
30.Loans not normally to be made if applicant spouse owns a house
31.Matters to be considered in determining amount of loan
32.Form in which direct loans to be made
33.Particulars to be supplied to Authority if so required
34.Deviation from plans or specifications prohibited
35.Nature of land in respect of which loans made
36.Loans for acquisition, erection, repair, of houses
37.Condition of loans and power of Authority where premiums unpaid
38.Attorney General to be solicitor of Authority fees
39.Memorandum of charge
40.Memorandum of discharge
41.Progress advances
42.Sums payable by employees
43.Authority deemed to be an approved mortgagee
Schedule 1
Schedule 2
Schedule 3
Schedule 4

Commencement [7 October 1967]