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Retirement Benefits (Mortgage Loans) Regulations, 2009 🇰🇪

Kenya

REPUBLIC OF KENYA

Retirement Benefits Act, 1997

Legal Notice No. 85

Retirement Benefits (Mortgage Loans) Regulations, 2009

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Part I – PRELIMINARY

1. Citation

These Regulations may be cited as the Retirement Benefits (Mortgage Loans) Regulations.

2. Application

These Regulations shall apply to registered retirement benefits schemes.

3. Interpretation

In these Regulations, unless the context otherwise requires—"Authority" means the Retirement Benefits Authority established by section 3 of the Act;"facility" means a retirement benefits mortgage facility or house ownership loan arrangement;"house" deleted by L.N. 192/2020, r. 2(a);"institution" means—(a)a bank, mortgage or financial institution licensed under the Banking Act (Cap. 488) a building society licensed under the Building Societies Act (Cap…

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