Central Provident Fund (Home Protection Insurance Scheme) Regulations

Central Provident Fund Act

(CHAPTER 36, Section 39)

Rg 11

G.N. No. S 84/2001

REVISED EDITION 2006

(30th November 2006)

[1st March 2001]

PART I

PRELIMINARY

Citation

1. These Regulations may be cited as the Central Provident Fund (Home Protection Insurance Scheme) Regulations.

Definitions

2. In these Regulations, unless the context otherwise requires —

“approved developer” and “housing accommodation” have the meanings given to them by section 65M of the Housing and Development Act (Cap. 129);

“Housing Authority” has the meaning assigned to it in Part IV of the Act;

“housing loan” means —

(a)	a loan obtained by an insured from a Housing Authority or an approved mortgagee for the purchase of a property from the Housing Authority or an approved developer; or
(b)	a loan obtained by an insured from a Housing Authority or an approved mortgagee to finance or re-finance the purchase of a property from the Housing Authority or an approved developer;

“insured” means any person insured under the Scheme;

“member” means any person to whose credit any amount is standing in the Fund;

“mortgage” includes any charge on a property;

“property” means a house or flat or any estate or interest in a house or flat purchased by a member from a Housing Authority, or any housing accommodation or any estate or interest in any housing accommodation purchased by a member from an approved developer;

“Scheme” means the Home Protection Insurance Scheme established and maintained by the Board under Part IV of the Act.

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