INSTITUTE OF MORTGAGE BROKERS AND LENDERS (ESTABLISHMENT) ACT, 2022

Section 28: Interpretation.

2022Section 28 of 29Federal Republic of Nigeria

In this Act —
“body” means corporate or incorporate bodies and includes a federal, state or local government department, parastatal, public board or corporate local government authority, any society, firm, company or person;
“Bye-Laws” means the Bye-Laws of the Institute of Mortgage Brokers and Lenders;
“Chartered Mortgage Professionals”, “Chartered Mortgage Lenders”, “Chartered Mortgage Brokers”, “Chartered Estate Brokers”, “Certified Mortgage Agents” and “Certified Estate Agents” means a person who has passed the professional examinations;
“client” means a person, body corporate or incorporate with whom the member has made an agreement or contract for the provision of services;
“Committee” means the Professional Ethics and Disciplinary Committee of the Institute of Mortgage Brokers and Lenders;
“Constitution” means the Constitution of the Institute of Mortgage Brokers and Lenders;
“Corporate Member” means institutions providing mortgage services including
mortgage brokerage firms, mortgage banks real state companies, and other allied institutions;
“Council” means the Governing Council of the Institute established under section 4 of this Act;
“Incorporated Institute” means the Institute of Mortgage Brokers and Lenders incorporated under the Companies and Allied Matters Act, No. 3, 2020;
“Institute” means the Institute of Mortgage Brokers and Lenders established under section 1 of this Act;
“Member” means a person registered by the Institute as a member in the category of an Ordinary Member, Student Member, Graduate Member, Associate Member, Honorary Senior Member, Honorary Fellow and Fellow and “Members” include fellows, members and graduate members of the institute, and shall in so far as the code of conduct may be applicable, include students and legal members of the institute;
“Minister” means the Minister charged with the responsibility of matters relating to education; and
“Registered” means enrolled;

Cite this section

Section 28, INSTITUTE OF MORTGAGE BROKERS AND LENDERS (ESTABLISHMENT) ACT, 2022 (2022).

https://repo.podus.ai/laws/institute-of-mortgage-brokers-and-lenders-establishment-act-2022/section/28/