Securitisation (Proceeds of Certain Mortgages) Act, 1995
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Effect of payment by housing authority to designated body. |
6.—Notwithstanding section 5 , any payment made by a housing authority for the purposes of this Act to a designated body shall have the same effect in respect of such authority's liabilities to the Local Loans Fund as if that payment had been duly made for the benefit of that Fund. |