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Changes over time for: Cross Heading: Directions as to disposal of land securing loan
Timeline of Changes
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Version Superseded: 01/04/2010
Status:
Point in time view as at 01/12/2008.
Changes to legislation:
There are currently no known outstanding effects for the Housing Associations Act 1985, Cross Heading: Directions as to disposal of land securing loan.
Changes to Legislation
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Directions as to disposal of land securing loanE+W+S
2(1)The [Relevant Authority]may . . .give the association directions with respect to the disposal of land belonging to the association in which the [Relevant Authority] has an interest as mortgagee under a mortgage, or as creditor in a heritable security, entered into by the association to secure the loan.E+W+S
(2)Directions so given may be varied or revoked by subsequent directions . . ..
[(3)The written consent of the Secretary of State is required for the giving, varying or revoking of directions by the Housing Corporation.]
3E+W+SWhere the [Housing Corporation] proposes to give a housing association directions under paragraph 2 requiring the association to transfer to the [Housing Corporation] the association’s interest in any land, the Secretary of State shall not consent to the giving of the directions unless he at the same time approves, or has previously approved, a scheme under paragraph 5 with respect to that land [; and the Secretary of State shall not give a housing association directions under paragraph 2 unless he at the same time makes, or has previously made, such a scheme].
4[(1)] Where the [Housing Corporation] proposes to give directions under paragraph 2 to an association whose rules restrict membership to persons entitled or prospectively entitled (whether as tenants or otherwise) to occupy a dwelling provided or managed by the association requiring the association to transfer its interest in any such land to the [Housing Corporation], or to any other person, the Secretary of State shall not consent to the giving of the directions unless he is satisfied that arrangements have been made which, if the directions are given, will secure that the members of the association receive fair treatment in connection with the transfer.E+W+S
[(2)The Secretary of State shall not give to such an association directions under paragraph 2 requiring the association to transfer any land to the Secretary of State, or to any other person, unless he is so satisfied.]
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