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Solomon Islands Consolidated Legislation
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Home Finance Corporation Act

LAWS OF SOLOMON ISLANDS


[1996 EDITION]


CHAPTER 140


HOME FINANCE CORPORATION


ARRANGEMENT OF SECTIONS


SECTION

PART I
PRELIMINARY


1. SHORT TITLE
2. INTERPRETATION


PART II
ESTABLISHMENT OF THE CORPORATION, PURPOSES AND POWERS


  1. ESTABLISHMENT OF THE HOME FINANCE CORPORATION
  2. PURPOSES OF THE CORPORATION
  3. POWERS OF THE CORPORATION
  4. ESTABLISHMENT OF THE BOARD OF DIRECTORS
  5. POWERS OF THE MINISTER TO ISSUE DIRECTIONS ON MATTERS OF POLICY

PART III
FINANCIAL


  1. SHARE CAPITAL AND ITS INCREASE
  2. ISSUE OF SHARES
  3. DISPOSAL OF SHARES
  4. RECORD OF OWNERSHIP OF SHARES TO BE MAINTAINED
  5. LIABILITY OF HOLDER
  6. FUNDS AND RESOURCES OF THE CORPORATION
  7. SUMS TO BE GRANTED OR LENT BY THE GOVERNMENT
  8. TEMPORARY LOANS OR OVERDRAFTS
  9. HOUSING LOAN

PART IV
LOANS, SECURITY AND RECOVERIES


  1. LOANS GRANTED ONLY IN CERTAIN CIRCUMSTANCES
  2. RATES OF INTEREST
  3. DEFAULT OF PAYMENT
  4. REPAYMENT OF LOANS
  5. SUSPENSION OF PAYMENT OF PRINCIPAL AND INTEREST AND POWER TO EXTEND TIME, COMPOUND OR RELEASE

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