Malaysia legislation
Section 34B
Section 34B
(2)
In making loans under the provisions of subsection (1) the Authority may charge such rate of interest as it may deem fit in any particular case.
(3)
Every loan shall be repaid to the Authority in accordance with the terms and conditions under which such loan was made and the moneys so paid shall thereupon be taken into the accounts of the Authority.
“Banking and Financial Institutions Act 1989” substituted for “Banking Act 1973” by virtue of Act 372.
“Banking and Financial Institutions Act 1989” substituted for “Banking Act 1973” by virtue of Act 372
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(4)
Every mortgage to secure loan and every instrument or charge under the provisions of this Enactment shall be approved by the Authority, and all costs, charges and expenses incurred in connection therewith shall be paid by the person to whom the loan is made.
Power to guarantee loans.