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The Housing (Service Charge Loans) (Amendment) (England) Regulations 2009
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- UK Statutory Instruments
- 2009 No. 602
- Regulation 2
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Terms of loans
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2. The 1992 Regulations are amended in regulation 6 (terms of loans) by the substitution for paragraph (2) of—
““(2) “A loan made by virtue of regulation 5 may be made on terms that—
“(a)“do not require the payment of interest; or
“(b)“require the payment of interest only on part of the loan;
“and shall otherwise, subject to paragraph (3), be on such terms as the lender may determine.”.
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