HOUSING ACT 2003 - SECT 93
Lower interest rate in special circumstances
HOUSING ACT 2003 - SECT 93
Lower interest rate in special circumstances
93 Lower interest rate in special circumstances
(1) This section applies if the chief executive has made, or is proposing to
make, an owner-occupied home loan to a person.
(2) The chief executive may
lower the interest rate applying, or that would otherwise apply, to the loan
if the chief executive is satisfied it would be appropriate to do so because
of special circumstances.
(3) The chief executive may agree with the person
on other conditions for the loan including, for example, a condition about the
time for which the lower interest rate applies.
