219 Local authority home loan interest rates
Housing (Scotland) Act 1987 (1987 c 26) | Legislation

Rates of Interest on Home Loans

219  Local authority home loan interest rates

(1)     Subject to subsections (2) and (3)—

(a)     . . .

(b)     any sum secured under any arrangement by which the price or part of the price of a house sold by a local authority is secured by a standard security; and

(c)     any sum secured under any security which is taken over by a local authority under a power conferred by section 229 (local authority indemnities for building societies, etc),

is a variable interest home loan for the purposes of this section.

(2)

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