442 Agreement by local authority to indemnify mortgagee

Local authority assistance in connection with mortgages

442  Agreement by local authority to indemnify mortgagee

(1)     [A local authority may enter into an agreement with a person or body making an advance on the security of a house (or a building to be converted into a house)] whereby, in the event of default by the mortgagor, and in the circumstances and subject to conditions specified in the

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