41   Determination of applications

(cf Act No 7, 1912, s 25)

(1)  The Corporation may grant an application under this Division unconditionally or subject to such conditions as it thinks fit, or it may refuse the application.

(2)  However, the Corporation must not grant an application unless the applicant:

(a)  satisfies the Corporation that the house is for the applicant’s use or for the use of a member of the applicant’s family, and

(b)  satisfies such other requirements as to eligibility as may from time to time be determined by the Corporation and approved by the Minister.

(3)  If the application is for the erection of a house by the Corporation on land:

(a)  owned by the applicant, and

(b)  subject to a mortgage or charge securing money owing by the applicant or in respect of which there is money owing to the Crown,

      the amount required to discharge that mortgage or charge or that debt to the Crown may be added to the amount to be expended by the Corporation in the erection of the house.

(4)  The Corporation may determine from time to time a limit on the amount that may be added to the amount to be expended as referred to in subsection (3) and the amount that may be so added must not exceed that limit.

(5)  The repayment of any amount that is added under subsection (4) to an amount to be expended is to be provided for in the security given by the applicant under section 46.