SCHEDULES

SCHEDULE 7E+W+S Powers Exercisable Where Loan Outstanding under Section 2 of The Housing Act 1964

Modifications etc. (not altering text)

C1Sch. 7: transfer of functions (E.W.) (1.12.2008) by The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839), arts. 1(1), 2 (see S.I. 2008/3068, art. 2(1)(b))

Directions as to disposal of land securing loanE+W+S

2(1)The [F1Regulator of Social Housing] may F2... give the association directions with respect to the disposal of land belonging to the association in which the [F1Regulator of Social Housing] 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 F3... .

[F4(3)The written consent of the Secretary of State is required for the giving, varying or revoking of directions by the [F5Regulator of Social Housing].]