ADVOKS GLOBAL · KENYA
Agricultural Finance Corporation Act
46. Regulations
Edition: 2022-12-31 · Repealed
46. Regulations
The Board, with the consent of the Cabinet Secretary, may make regulations prescribing the fees, costs and expenses to be charged and payable in respect of loans and applications for loans, and any such regulations may provide for—(a)scales of application fees and appraisal fees based on the amount of the loan for which application is made;(b)reduced scales of application fees and appraisal fees where the application is for a short-term loan;(c)the basis upon which travelling expenses incurred by appraisers on appraisals are to be calculated;(d)the refund or partial refund of the application fee where an application for a loan is refused;(e)the reduction of the application fee where an amount less than that applied for is lent;(f)a scale of conveyancing costs and fees for the preparation and completion of mortgages and other securities and discharges thereof;(g)charging the borrower with any expenses, including copying charges, actually incurred by the Corporation at any time during the continuance of the loan in connexion with such loan;(h)the time and mode of payment of fees, costs and expenses;(i)the remission of fees, costs and expenses by the Board.