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Formal Consolidation |  1998 RevEd
Total amount to be withdrawn under regulations 6 and 7
9.—(1)  The total amount which a member may withdraw to repay one or more housing loans under regulations 6 and 7shall be determined by the Board but in no case shall such amount exceed 100% of the value of the residential property at the date of the signing of the agreement for the sale and purchase of the property as assessed by the Board.
(2)  Where a housing loan obtained by a member is granted on an overdraft basis, the total amount of money which the member may withdraw under regulations 6 and 7shall be such an amount as may be determined by the Board, but in no case shall the amount withdrawn exceed 100% of the value of the residential property at the date of the signing of the agreement for the sale and purchase of the property assessed by the Board.
Informal Consolidation | Amended S 85/1999
Total amount to be withdrawn under regulation 5A, 6 and 7
9.—(1)  The total amount which a member may withdraw to repay one or more housing loans under regulations 5A, 6 and 7 shall be determined by the Board but in no case shall such amount exceed 100% of the value of the residential property at the date of the signing of the agreement for the sale and purchase of the property as assessed by the Board.
(2)  Where a housing loan obtained by a member is granted on an overdraft basis, the total amount of money which the member may withdraw under regulations 6 and 7regulations 5A, 6 and 7 shall be such an amount as may be determined by the Board, but in no case shall the amount withdrawn exceed 100% of the value of the residential property at the date of the signing of the agreement for the sale and purchase of the property assessed by the Board.