Housing (Scotland) Act 2006

91 Local authority payments to not for profit lenders S

(1) A local authority may make payments to a designated lender for the purposes of enabling or assisting the lender to lend sums to individuals to assist them with—

(a) the acquisition or sale (or the proposed acquisition or sale) of a house, or

(b) work on any land or any premises for any of the purposes mentioned in section 71(2).

(2) A designated lender is an organisation which—

(a) carries on a business providing such assistance, and

(b) does not carry on that business for profit.

(3) Payments made under subsection (1) may be subject to such terms as the authority thinks fit.

(4) Those terms may include—

(a) terms as to repayment,

(b) terms restricting the terms on which the designated lender lends sums to individuals.

(5) The Scottish Ministers may, by regulations—

(a) amend the definition of “designated lender” in subsection (2),

(b) make provision as to the terms which may be imposed under subsection (3) (including provision restricting or requiring the imposition of a term).

Commencement Information

I1 S. 91 in force at 1.4.2009 by S.S.I. 2009/122, art. 3