Singapore legislation
Regulation 12B
of Central Provident Fund (Ministry of Defence Housing Scheme) Regulations
Regulation 12B
Application for cancellation of charge on immovable property
Subregulation 1
For the purposes of sections 21(10A), 21A(9A) and 27E(2)(e) of the Act, where there is a charge under section 21(1) or 21A(1) of the Act, as the case may be, on a member’s estate or interest in an immovable property, the member may apply to the Board for the charge to be cancelled.
Subregulation 2
The Board may approve an application under paragraph (1) for the charge to be cancelled if the Board is satisfied that the member —
is entitled to withdraw the amount standing to his credit in the Fund under section 15(2)(a), (3) or (4) or 15AA(1), (2) or (3) of the Act or a former provision;
has complied with the requirements in section 15(6) or 15AA(5) of the Act or a former provision, as the case may be; and
has complied with such terms and conditions as the Board may impose.