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BUILDING SOCIETIES ACT (NORTHERN IRELAND) 1967 - SECT 30

Implied warranty on advance to purchaser.

30. Where a building society makes to a member an advance for the purpose of
its being used in defraying the purchase price of freehold or leasehold
estate, the society shall be deemed to warrant to the member that the
purchase price is reasonable, unless, before any contract requiring the member
to repay the advance is entered into, the society gives to the member a notice
in writing in the prescribed form stating that the making of the advance
implies no such warranty.

© 1967 Crown Copyright

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