Building Loans
(Amendment No. 13) (Jersey) Law 2018
A LAW to amend further the Building
Loans (Jersey) Law 1950
Adopted by the
States 31st October 2017
Sanctioned by
Order of Her Majesty in Council 8th February 2018
Registered by the
Royal Court 16th
February 2018
THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have
adopted the following Law –
1 Article 4 of Building Loans (Jersey) Law
1950 amended
For Article 4(1) of the Building Loans (Jersey) Law 1950[1], there shall be substituted
the following paragraph –
“(1) Except as provided by Article 5,
every loan shall be secured by a simple conventional hypothec charged on the
property in relation to which the loan is made and shall bear interest at the
prescribed rate calculated and paid on the days and in the manner required from
time to time by the Minister.”.
2 Citation
and commencement
This Law may be cited at the Building Loans (Amendment No. 13)
(Jersey) Law 2018 and shall come into force on the day after it is
registered by the Royal Court.
a.c. goodyear
Assistant Greffier of the States