[450C Supplementary provisions as to regulations under s 450A or 450B]

[450C  Supplementary provisions as to regulations under s 450A or 450B]

[(1)     This section applies to regulations under section 450A or 450B (regulations conferring right to loan, or power to make loan, in respect of service charges).

(2)     The regulations may provide that the right or, as the case may be, the power does not arise in the case of any prescribed description of landlord.

(3)     The regulations shall provide that the loan—

(a)     in the case of a loan made in pursuance of regulations under section 450A (the right to a loan), shall be on such terms as may be prescribed, and

(b)     in

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