224Recognised lending institutions.S
(1)The lending institutions recognised for the purposes of section 222 (assistance for first-time buyers) are—
building societies,
local authorities,
development corporations,
The Scottish Special Housing Association,
banks,
insurance companies, and
friendly societies.
(2)The Secretary of State may by order made with the consent of the Treasury—
(a)add to the list in subsection (1), or
(b)direct that a named body shall no longer be a recognised lending institution;
but before making an order under paragraph (b) he shall give an opportunity for representations to be made on behalf of the body concerned.
(3)An order shall be made by statutory instrument.
Modifications etc. (not altering text)
C1Ss. 222–227: power to amend or repeal conferred by Local Government and Housing Act 1989 (c. 42, SIF 61), s. 171(b)(2)