Singapore legislation
Regulation 6
of Central Provident Fund (Non-Residential Properties Scheme) Regulations 1986
Regulation 6
Application to withdraw moneys for payment of mortgaged property
Subject to regulation 8, where a member has, whether before or after 1 May 1986, obtained a loan the repayment of which is secured by a mortgage on that property or another property of which the member is the owner or a joint‑owner and is required to pay instalments of principal and interest towards the loan either at monthly intervals or otherwise, the Board may, on application being made by the member and subject to such terms and conditions as the Board may impose, authorise the whole or part of the amount standing to the member’s credit in the Fund to be withdrawn by the member and used for the payment of those instalments.