Regulatory Alerts2014-09-08
Added · Updated
Resolution of the Minister of Housing No. 100 of 2014 and the Periodic Letter of the Minister of Justice No. 189 dated 2/7/2014 and Overcoming Obstacles to Implementing the Initiative
The letter clarifies that the phrase 'after settling all dues of the Authority' in Minister of Housing Resolution No. 100 of 2014 refers to dues due up to the date of the request, not the total outstanding amount. It confirms that the Minister of Housing issued directives to New Urban Communities Authority heads to provide mortgage facilities, and the Minister of Justice issued Periodic Letter No. 189 to activate these procedures through notary and registration offices. Banks are required to report any remaining obstacles to the Deputy Chairman of the New Urban Communities Authority for Development and Cities to facilitate the implementation of the housing finance initiative.
More like this from CBE
CBE published 2 documents in the last 30 days. We email you each new one the day it's published.