LawgistThe National Housing Bank Act
17Power to transfer rights
The rights and interests of the National Housing Bank (including any other rights incidental thereto) in relation to any loan or advance made, or any amount recoverable, by it, may be transferred by the National Housing Bank, either in whole or in part, by the execution or issue of any instrument or by the transfer of any instrument by endorsement, or in any other manner in which the rights and interests in relation to such loan or advance may be lawfully transferred, and the National Housing Bank may, notwithstanding such transfer, act as the trustee within the meaning of section 3 of the Indian Trusts Act, 1882 (2 of 1882), for the transferee.
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BUSINESS OF THE NATIONAL HOUSING BANK
- 14 Business of the National Housing Bank
- 15 Borrowings and acceptance of deposits by National Housing Bank
- 16 Loans in foreign currency
- 16A Assistance to borrower when to operate or a charge in the property offered as security
- 16B Amount and security to be held in trust
- 17 Power to transfer rights
- 18 Power to acquire rights
- 18A Exemption from registration
- 18B Recovery of dues as arrears of land revenue
- 19 Power to impose conditions for accommodation
- 20 Power to call for repayment before agreed period
- 21 National Housing Bank to have access to records
- 22 Validity of loan or advance not to be questioned
- 23 National Housing Bank not to make loans or advances against its own bonds or debentures
- 24 Power to inspect
- 25 Power to collect credit information
- 26 Power to publish information
- 27 Advisory services
