Estate Agents Act 2010 · 2020 Revised Edition · Part 2 · Council for Estate Agencies
21. Power to borrow
Feedback & supportFor the performance of its functions or discharge of its duties under this Act or any other written law, the Council may raise loans from the Government or, with the approval of the Minister, raise loans within or outside Singapore from such source as the Minister may direct by —
Council
“Council” means the Council for Estate Agencies established under section 6;
mortgage, overdraft or other means, with or without security;
charge, whether legal or equitable, on any property vested in the Council or on any other revenue receivable by the Council under this Act or any other written law; or
the creation and issue of debentures, bonds or any other instrument as the Minister may approve.
For the purposes of this section, the power to raise loans includes the power to make any financial agreement whereby credit facilities are granted to the Council for the purchase of goods, materials or things.