Singapore legislation

Regulation 21

of Central Provident Fund (Residential Properties Scheme) Regulations 1982

Regulation 21

Direct payment by Board to vendor, etc.

All moneys withdrawn from the Fund under regulation 5, 6, 9, 10, 13, 15 or 17 must be paid by the Board to the vendor, mortgagee, chargee or such other persons as the Board thinks fit to receive such moneys.