GK
IMPORTANT ACTS OF THE PARLIAMENT OF INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1987
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1990
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1993
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1995
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Detailed explanation-1: -What is the role of NHB? NHB regulates the housing finance system of the country, extends refinance to different primary lenders and lends directly in respect of projects undertaken by public housing agencies for housing construction and development of housing related infrastructure.
Detailed explanation-2: -The home loans should have a minimum seasoning of 12 months (excluding moratorium period). The Maximum Loan to Value (LTV) Ratio permissible is 85%. Housing loans originally sanctioned with an LTV of more than 85% but where the present outstanding is within 85% of the value of the security, will be eligible.
Detailed explanation-3: -The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing. In pursuance of the above, NHB was set up on 9 July 1988 under the National Housing Bank Act, 1987.