Jersey Law 4/1964

BUILDING LOANS (AMENDMENT No. 7) (JERSEY) LAW, 1964.

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A LAW    to amend the Building Loans (Jersey) Law, 1950, sanctioned by Order of Her Majesty in Council of the

26th day of MARCH, 1964.

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(Registered on the 15th day of May, 1964).

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STATES OF JERSEY.

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The 12th day of November, 1963

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THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law:  -

ARTICLE 1

In paragraph (3) of Article 5 of the Building Loans (Jersey) Law, 1950,1 as amended2 (hereinafter referred to as “the principal Law”), for the words “by equal weekly, monthly or quarterly instalments of such an amount” there shall be substituted the words “by weekly, monthly or quarterly instalments of such amounts”.

ARTICLE 2

In Article 7 of the principal Law3 all the words after “are charged on the property” are hereby repealed.

ARTICLE 3

In sub-paragraphs (a) and (b) of Article 8 of the principal Law4 the words “ninety-five per centum of” are hereby repealed.

ARTICLE 4

This Law may be cited as the Building Loans (Amendment No. 7) (Jersey) Law, 1964, and this Law and the Building Loans (Jersey) Laws, 1950 to 1963, may be cited together as the Building Loans (Jersey) Laws, 1950 to 1964.

A.D. LE BROCQ,

Greffier of the States.