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The Bangladesh House Building Finance Corporation Order, 1973 (President's Order).

( PRESIDENT'S ORDER NO. 7 OF 1973 )

2. In this Order, unless there is anything repugnant in the subject or context:-

 
 
 
 

(a) “Board” means the Board of Directors of the Corporation;

 
 
 

(b) “Borrower” means any person or persons or body of persons whether incorporated or not to whom a loan is made by the Corporation for the construction, repair or remodelling of a house;

 

1[(bb) “Chairman” means the Chairman of the Board; ]

 
 

(c) “Corporation” means the Bangladesh House Building Finance Corporation established under this Order;

 

2[(cc) “Director” means a Director of the Board;]

 
 
 
 

(d) “Government” means the Government of the People's Republic of Bangladesh;

 
 
 
 

(e) “House” means any building intended for human habitation together with the land upon which it is situated and may comprise of one or more 3[flats, apartments or other] housing units, and structures appurtenant thereto;

 
 
 
 

4[* * * ]

 
 
 
 

(f) “Managing Director” means the Managing Director appointed under Article 6 of this Order;

 
 
 
 

(g) “Order” means the Bangladesh House Building Finance Corporation Order, 1973; and

 
 
 
 

(h) “Prescribed” means prescribed by rules or regulations under this Order.


  • 1
    Clause (bb) was inserted by section 3(a) of Bangladesh House Building Finance Corporation (Amendment) Act, 2021 (Act No. XXV of 2021).
  • 2
    Clause (cc) was inserted by section 3(b) of Bangladesh House Building Finance Corporation (Amendment) Act, 2021 (Act No. XXV of 2021).
  • 3
    The words and commas “flats, apartments or other” were substituted for the word “family” by section 2 of the Bangladesh House Building Finance Corporation (Amendment) Ordinance, 1976 (Ordinance No. XXXIX of 1976)
  • 4
    Clause (ee) was omitted by section 2 of the Bangladesh House Building Finance Corporation (Amendment) Ordinance, 1977 (Ordinance No. XVIII of 1977)
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