Regulatory power over solicitation of deposits limits prospectuses and advertisements by housing finance companies to specified conditions. The substituted provision empowers the central banking authority to regulate or prohibit issuance of any prospectus or advertisement by a housing finance ... Summary
Regulatory power over solicitation of deposits limits prospectuses and advertisements by housing finance companies to specified conditions.
The substituted provision empowers the central banking authority to regulate or prohibit issuance of any prospectus or advertisement by a housing finance institution soliciting deposits from the public, and to specify the conditions under which such prospectuses or advertisements, if not prohibited, may be issued.
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