Statutory Instruments
2009 No. 602
Housing, England
The Housing (Service Charge Loans) (Amendment) (England) Regulations 2009
Made
10th March 2009
Laid before Parliament
13th March 2009
Coming into force
6th April 2009
The Secretary of State, in exercise of the powers conferred by sections 450B and 450C of the Housing Act 1985( 1 ), makes the following Regulations:
Citation, commencement, application and interpretation
1. —(1) These Regulations may be cited as the Housing (Service Charge Loans) (Amendment) (England) Regulations 2009 and shall come into force on 6th April 2009.
(2) These Regulations apply in relation to England only.
(3) In these Regulations “the 1992 Regulations” means the Housing (Service Charge Loans) Regulations 1992( 2 ).
Terms of loans
2. The 1992 Regulations are amended in regulation 6 (terms of loans) by the substitution for paragraph (2) of—
“ (2) A loan made by virtue of regulation 5 may be made on terms that—
(a) do not require the payment of interest; or
(b) require the payment of interest only on part of the loan;
and shall otherwise, subject to paragraph (3), be on such terms as the lender may determine. ” .
The rate of interest
3. The 1992 Regulations are amended, in paragraph 1(a) of Schedule 2, by the insertion after “loan” of “or the part of it on which interest is payable”.
Signed by authority of the Secretary of State for Communities and Local Government
Iain Wright
Parliamentary Under Secretary of State
Department for Communities and Local Government
10th March 2009
1985 c. 68 . Sections 450B and 450C were inserted by the Housing and Planning Act 1986 (c.63) . Section 450B was amended by S.I. 1996/2325 and S.I. 2008/3002 . There are other amendments of which none is relevant to this Order. Section 450C was amended by section 308 of the Housing and Regeneration Act 2008 (c. 17) . The functions of the Secretary of State under sections 450B and 450C, so far as exercisable in relation to Wales, were transferred to the National Assembly for Wales by the National Assembly for Wales (Transfer of Functions) Order 1999 ( S.I. 1999/672 ) article 2 and Schedule 1. Under paragraphs 30 and 32 of Schedule 11 to the Government of Wales Act 2006 (c. 32) , functions formerly exercised by the National Assembly for Wales are now exercisable by the Welsh Ministers.
S.I. 1992/1708 , amended by S.I. 2000/1963 , and S.I. 2008/2831 .