Singapore legislation
Regulation 8
of Central Provident Fund (Approved HDB-HUDC Housing Scheme) Regulations 1987
Regulation 8
Repayment of moneys on occurrence of certain events
Subregulation 1
Except as otherwise provided in these Regulations, where a member —
has withdrawn any moneys under these Regulations in respect of a property; or
is required under section 27C(1)(g), 27DA(1)(g), 27DB(2)(c) or 27E(1)(f) of the Act to make a payment to the Fund upon the sale or disposal of a property,in the event that the property or any estate or interest in the property is sold, transferred, assigned or otherwise disposed of —
by the member without the consent of the Board; or
by any other person, including any mortgagee, with or without the consent of the Board,such of the following amounts as may be applicable to the member or, if both amounts are applicable to him or her, the aggregate of both amounts become due and payable to his or her account in the Fund:
where paragraph (1)(a) applies to the member, all moneys withdrawn by him or her in connection with the purchase of the property (including any moneys lent to that member under section 14A of the Act in connection with such purchase and withdrawn by that member which have not been repaid), together with the whole or such part (as the Board may determine) of any interest that would have been payable on the moneys if the withdrawal had not been made;
where paragraph (1)(b) applies to the member, the relevant amount as defined in regulation 11(6).
Subregulation 2
Except as otherwise provided in these Regulations, all moneys withdrawn by a member under these Regulations (including any moneys lent to that member under section 14A of the Act which have not been repaid), together with the whole or such part (as the Board may determine) of any interest that would have been payable on the moneys if the withdrawal had not been made, become due and payable to his or her account in the Fund in the event that —
any mortgage or encumbrance is created over the property in favour of any person without the consent of the Board; or
the member has committed a breach of any of the terms and conditions imposed by the Board in connection with the withdrawal of moneys under these Regulations.
Subregulation 3
All moneys withdrawn by a member under these Regulations (including any moneys lent to that member under section 14A of the Act which have not been repaid) become due and payable to his or her account in the Fund on the occurrence of either of the following events:
the member withdraws his or her application for the purchase of the property; (b)the agreement entered into by the member and any other person for the purchase of the property is rescinded.