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Mortgage Institutions (Amendment) Act, 2016 .

Country
Nigeria
Type of law
Legislation
Source
FAO , FAOLEX
Abstract
This Act amends the Mortgage Institutions Act by reviewing the prescribed penalties in sections 1 (no mortgage business shall be transacted in Nigeria except by a company which is duly incorporated in Nigeria for that purpose and in possession of a valid licence granted by the Minister authorising it to do so), 15 (accounting), 17 (submission of returns to the Federal Mortgage Bank), 20 (restriction of interests by officials of mortgage institutions), 21 (prohibition of receipt of commission, etc., by staff).
Attached files
http://faolex.fao.org/docs/pdf/nig177671.pdf
Web site
http://nass.gov.ng
Long title of text
An Act to amend the Mortgage Institutions Ad Cap. M19, Laws of the Federation of Nigeria, 2004 by reviewing the prescribed penalties; and for; related matters.
Date of text
Repealed
No
Source language

English

Legislation Amendment
No
Amends
Mortgage Institutions Act.