Clause 30
Borrowing from Authority by officers and employees
of Monetary Authority of Singapore Bill
BillNot in forceProvision 7 of 40
Clause 30
The Authority shall not lend money to an officer or employee of the Authority, except —
(a)
for the purchase, erection, alteration, renovation or enlargement of a house in which he resides or intends to reside;
(b)
to discharge a mortgage or encumbrance on such a house; or
(c)
for the purchase of a vehicle.