Regulatory transfer of housing finance supervision shifts oversight to a designated central banking authority upon notification. Clauses 151-171 amend the housing finance statute to transfer regulatory authority over housing finance institutions to central banking oversight, ... Summary
Regulatory transfer of housing finance supervision shifts oversight to a designated central banking authority upon notification.
Clauses 151-171 amend the housing finance statute to transfer regulatory authority over housing finance institutions to central banking oversight, modifying operative statutory provisions to enable supervision and enforcement under that regime; the amendments take effect on a date appointed by the Central Government by notification in the Official Gazette.
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