Section 84
Financing for housing, vehicles, studies and scholarships
of Central Bank of Malaysia Act 2009
Without prejudice to subsections 83(4) and (5), but subject to subsections (2), (3) and (4), the Bank shall not extend financing to an officer or employee.
(2)
The Bank may extend financing to an officer or employee upon such terms and conditions as the Board may determine—
(a)
for the purchase, erection, alteration, renovation or enlargement of a house in which he resides or intends to reside;
(b)
to discharge a mortgage or encumbrance on such a house; or
(c)
for the purchase of a vehicle.
(3)
The Bank may, where the Governor is satisfied that special or compassionate circumstances exist or the purpose is appropriate, extend financing to an officer or employee on such terms and conditions as the Governor may determine, not exceeding at any one time an amount equal to three months’ salary of the officer or employee.
(4)
The Bank may extend financing for studies or scholarships to any officer or employee of the Bank or any child, including a step-child or adopted child of such officer or employee, or to any suitable person, in accordance with such terms and conditions as may be approved by the Board generally or in any particular case.