Regulation 21

the amount payable under section 36(1) of the Act, or under section 36(1) of the Act as modified by the Central Provident Fund (Modifications to Act for Design‑Build‑and‑Sell Scheme) Order (O 7);

the amount payable at the time of incapacity of the Scheme member for the purposes of section 36(2)(a) of the Act.

the outstanding cover of the Scheme member’s insurance cover under the Scheme at the time of the Scheme member’s death or incapacity, as the case may be;

the aggregate of the amounts mentioned in section 36(8)(a) and (b) of the Act.

either or both of the following apply:

the property for which the Scheme member was covered under the Scheme is sold, transferred or otherwise disposed of;

the Scheme member’s liability to repay the housing loan is fully discharged;

the Board has not already made payment under section 36(1)(b) or (2)(b) of the Act (as the case may be), before sub‑paragraph (a) is satisfied.

by crediting that person’s account in the Fund;

by cash or cheque payment to that person; (c)by crediting that person’s bank account; or

by any other manner of payment applied for by that person and approved by the Board.

A is the amount specified in paragraph (2);

B is the amount of interest accrued on A as determined by the Board from the time the first monthly or other periodic loan instalment is made under section 36(2)(b) of the Act to the time the amount under this regulation is paid by the Board; and

C is the total amount paid by the Board under section 36(2)(b) of the Act.